{"id":6279,"date":"2007-07-05T00:00:00","date_gmt":"2007-07-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"buyout-firm-kkr-files-for-125-billion-ipo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2007\/buyout-firm-kkr-files-for-125-billion-ipo.html","title":{"rendered":"Buyout firm KKR files for $1.25 billion IPO"},"content":{"rendered":"<p>Reuters- KKR &amp; Co., the prominent U.S. buyout firm that pioneered the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion (620 million pounds) in an initialpublic offering.<\/p>\n<p>  The planned IPO follows last month&#8217;s high-profile listing of rival Blackstone Group LP (BX.N: <a href=\"..\/stocks\/quote?symbol=BX.N\">Quote<\/a>, <a href=  \"..\/stocks\/companyProfile?symbol=BX.N\">Profile<\/a>, <a href=\"..\/stocks\/researchReports?symbol=BX.N\">Research<\/a>), 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.<\/p>\n<p>  Unlike the Blackstone IPO, however, KKR&#8217;s owners are not selling any common units or receiving any net proceeds.<\/p>\n<p>  Blackstone&#8217;s co-founders, Stephen Schwarzman, 60, and Peter Peterson, 81, earned a huge windfall from the Blackstone offering, pocketing more than $2.4 billion between them.<\/p>\n<p>  The relatively modest size of the offering and the timing of the announcement &#8212; late on the eve of the U.S. Independence Day holiday &#8212; suggested that KKR hopes that its IPO will be a lower key  affair than Blackstone&#8217;s, which attracted unwelcome attention from Congress.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/130356872\" width=\"1\" border=\"0\"><br \/><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/130356872\/idUKNOA42656120070704\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- KKR &amp; Co., the prominent U.S. buyout firm that pioneered the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion (620 million pounds) in an initialpublic offering. The planned IPO follows last month&#8217;s high-profile [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6279","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6279"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6279\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}