DJ KKR-Sponsored KKR Acquisition Holdings I Corp. Files for $1B IPO
Blank-check company KKR Acquisition Holdings I Corp., sponsored by KKR & Co. Inc., in partnership with Glenn Murphy, filed for an initial public offering with the U.S. Securities and Exchange Commission on Thursday.
Mr. Murphy, the company's chief executive and executive chairman, is currently chairman of Lululemon and previously served as chairman and CEO of Gap Inc. from 2007 to 2014, the company said.
KKR Acquisition Holdings I said it planned to offer 100 million units at $10 per unit. Each unit will consist of one share of Class A common stock and one-third of a warrant. Each full warrant allows the holder to purchase a share of Class A common stock for $11.50.
"We believe our access to the KKR platform will provide the potential to consider a variety of business combination opportunities," the company said.
The company also said it intends to apply to list its units on the New York Stock Exchange under the symbol "KAHC.U."
Citigroup is listed as the offering's sole book-running manager.
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(END) Dow Jones Newswires
February 04, 2021 18:07 ET (23:07 GMT)
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