KKR property firm unveils plans for $671m IPO

KKR Financial, the real estate investment trust of private equity giant Kohlberg Kravis Roberts, has filed registration documents with the US Securities and Exchange Commission detailing plans to raise between $671m (€548m) and $730m in an initial public offering.

KKR Financial said in the filing it was planning to issue 29 million shares at a price range of $23 to $25 per share.

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