Innovative Move By KKR Could Boost IPO Pipeline

In the first such move on record by a buyout firm, private equity giant Kohlberg Kravis Roberts (KKR) has teamed up with mutual fund group Fidelity Investments in a deal that will see the latter distribute shares of initial public offerings (IPOs) by KKR owned or underwritten companies to its massive retail client base. The move would give Fidelity's brokerage investors access to IPO investments that retail investors would normally struggle to tap into, while guaranteeing non-institutional distribution for KKR offerings and bolstering its attempts to build its own equity syndication business.

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