Rivals making NYSE

15 March 2010 By Lauren Silva

The private equity firms headed by Henry Kravis and Steve Schwarzman have long been rivals. Now, three years after Blackstone went public, KKR has finally filed to list shares in New York. The move will give stock investors new enthusiasm to score one firm against the other.

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KKR & Co, a holding company for the Kohlberg Kravis Roberts private equity firm, has filed with the Securities and Exchange Commission to list its shares on the New York Stock Exchange.

The shares to be listed include a 30 percent interest in KKR currently owned by a vehicle whose stock is traded publicly in Amsterdam. Those KKR shares will be distributed to the current shareholders in the Amsterdamlisted vehicle. The other 70 percent of KKR's stock is owned by the firm's principals.

KKR will not raise capital or sell existing shares to new investors in the listing.

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