More IPOs coming?
Will the surge in the stock market prove to be a godsend for private equity companies aiming to exit some portfolio companies? The news that Kohlberg Kravis Roberts will attempt to take Dollar General public may only be the first in a string of deal announcements.
Most of the talk has been about KKR's plans to be one of the lead underwriters, along with Goldman Sachs and Citigroup. People are also talking about the retail components--KKR's deal with Fidelity. But media reports have suggested that up to six more companies may be in the pipeline. The Financial Times listed Toys R Us, HCA, First Data and the Danish telecom group TDC. You would have to think that other private equity firms are pondering their options as well. Healthcare, education and energy companies may be the most ripe. Stay tuned.
For more:
- here's a Reuters article
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Fidelity inks deal with KKR for IPO shares
So, how bad is the IPO market?




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