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Sunday, July 27, 2008

Watch KKR IPO on Monday

Update 8:47AM PT: The date is some "time later in 20008". KFN shares are plunging right now. There is a massive sell off.

Update 8:40AM PT: Here are the long awaited IPO plans of KKR:
  • Offer 21% of stock of a combined company
  • Listing on NYSE
  • Date of Listing is TBA
  • They claim KFN shares are 60% of their true value
  • Not planning to raise any additional capital after this offering

Original Post

Watch the KKR IPO situation closely, IPOs sometimes take off. You can use this site for the latest updates and information. This post is hooked up to an RSS feed about KKR from Google Finance. I will also acquire links to the teleconference at 8pm ET. I am mildly optimistic about this IPO, but I am unsure about how enthusiastic the company is about this offering. They are going public because of a fund acquisition, and will trade the shares of the combined enterprises on the New York Stock Exchange. If you are going to buy in just remember there are risks holding a large IPO too long, in this market. Remember what happened to Blackstone...

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