Tuesday, 1 December 2015
Last updated 14 hours ago
Jul 15 2010 | 4:13pm ET
Better late than never, Kohlberg Kravis Roberts is finally a New York-listed company.
The private equity giant shifted its listing from Euronext Amsterdam to the New York Stock Exchange today. Shares debuted at $10.50 each and peaked shortly after the opening bell at $11.08. The stock—which trades under the ticker symbol KKR—closed at $10.29, above its low of $10.21.
“Today's NYSE listing is an important milestone for KKR and will provide an opportunity for investors to share in the value being created by our firm,” co-founders Henry Kravis and George Roberts said in a statement.
KKR still plans to sell some $500 million in new shares on the NYSE.
The New York-based firm, which manages some $55 billion, originally planned to go public on the NYSE in July—2007, shortly after rival Blackstone Group floated on the exchange. But the credit crisis intervened, and KKR settled for a reverse-merger with its Amsterdam-listed private equity fund last year.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…