Tuesday, July 3, 2007

UPDATE 3-Buyout firm KKR files for $1.25 bln IPO

(Reuters) - The planned IPO follows last month's high-profile listing
of rival Blackstone Group LP , which raised $4.13 billion
and ushered in a new era for an industry that has come to
dominate financial markets worldwide by pursuing ever-larger
takeovers and raising record amounts of capital.




Unlike the Blackstone IPO, however, KKR's owners are not
selling any common units or receiving any net proceeds.


Read more at Reuters.com Bonds News

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