KKR & Co., parent company of private equity firm Kohlberg Kravis Roberts, filed a request with the SEC to list $2.2 billion in shares on the New York Stock Exchange.
The listing will include 205.9 million shares that will be transferred to unit holders of KKR Guernsey, a limited partnership currently listed on Euronext Amsterdam. That partnership will be closed, confirmed KKR spokesman Peter McKillop.
KKR will have 683 million common units, 70% of which will continue to be held by KKR principals. The sale price of the units on March 11 was $11.12 per unit, according to the SEC filing.
The in-kind distribution of units to KKR Guernsey unit holders will result in the dissolution of KKR Guernsey.
The company's symbol on the NYSE will be KKR.