Yes, KKR Is Still "Going Public" in New York
Bloomberg reported this morning that KKR may postpone its planned $500 million flotation on the New York Stock Exchange, due to market volatility. Makes sense, given general market volatility and the particularly harsh treatment of Blackstone and Fortress shares (trading at around $10 and $3 per share, respectively). What is worth noting, however, is that a share sale postponement has absolutely no impact on KKR's larger plans to list itself on the New York Stock Exchange (Bloomberg got this correct in its story, but some emailers appear to have stopped after the headline).
23 June 2010•1 min read
