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KKR plans to list Toys R Us on stock market
US private equity firm Kohlberg Kravis Roberts (KKR) plans initial public offerings (IPOs) worth billions of dollars for up to six of its companies, including Toys R Us, the Financial Times said on Saturday, 1 August 2009.
The FT said KKR was looking to list companies it bought in the financial boom years before the start of the credit crunch in 2007 because the global economy was showing signs of improvement and stock markets were rising.
A person familiar with KKR, cited by the business daily, said the New York-based private-equity firm was also looking to float US hospital operator HCA, credit-card processor First Credit, Danish Telecoms group TDC and discount retailer Dollar General.
KKR had already filed for an IPO of Avago Technologies, the Singapore-based semiconductor company, the FT said.
"We think there are five to six companies in the portfolio that can be taken public in the next 12 months," said a person familiar with KKR's plans and quoted by the paper. KKR did not comment on the report.
Source: AFP
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