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KKR another private equity shop files to raise up to $1.25 Billion in an IPO

Kohlberg Kravis Roberts & Co., the company famed for its takeover of RJR Nabisco Inc., plans to raise as much as $1.25 billion in an initial public offering, the third by a U.S. leveraged-buyout firm this year.Proceeds from the sale will be used to expand and finance LBOs, and founders Henry Kravis and George Roberts won’t sell any shares, the New York-based firm said today in a filing with the U.S. Securities and Exchange Commission. Stephen Schwarzman and Peter G. Peterson, who started rival Blackstone Group LP, took home $2.56 billion in the firm’s IPO last month.

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