KKR IPO

By Douglas A. McIntyre Published Jul 3, 4:45PM EDT

KKR announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common units representing limited partner interests in its partnership. The firm intends to apply to list its common units on the New York Stock Exchange under the symbol "KKR".

The registration statement relates to an aggregate amount of $1.25 billion of common units. KKR expects to use the net proceeds from the offering to grow its business, to make additional capital commitments to its funds and portfolio companies, and for general corporate purposes. KKR’s existing owners will not sell any common units or otherwise receive any of the net proceeds from the offering. KKR expects to complete the proposed offering during the third or fourth quarter of 2007.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.