The New York private-equity company Kohlberg, Kravis Roberts & Co., which is acquiring First Data Corp., has announced that it is planning to go public.
KKR filed a prospectus with the Securities and Exchange Commission Tuesday for an initial public offering, which is expected to be worth up to $1.2 billion. The company plans to sell all of its own common shares, but none of its existing owners plan to sell their own holdings.
The company did not say how many shares it will sell or estimate a price range for the offering. It plans to list itself on the New York Stock Exchange under the symbol KKR. It has hired Morgan Stanley and Citigroup Inc. to underwrite the transaction.
KKR became famous for its takeover of RJR Nabisco in the late 1980s. It recently announced a $43.7 billion buyout of TXU Corp., an electricity utility, and the $26.4 billion buyout of First Data.
