Kohlberg Kravis Roberts (KKR) has postponed its $1.25 billion initial public offering after wary investors showed no appetite for the stock, the Times of London reports.
KKR was expected to list on the New York Stock Exchange in September. However, The Times reports that the buyout firm has decided to put the float on hold in the wake of investor jitters over the collapse of the sub-prime mortgage market in America.
KKR has denied the report that the IPO had been put on ice. "As evidenced by the recent filing of an amendment to the registration statement, we are continuing to work on the IPO and have not postponed," a spokesman said.