KKR Real Estate Finance hoping to raise more than $200M in IPO

|About: KKR (KKR)|By:, SA News Editor

The KKR unit was founded in 2014, and originates and acquires senior loans backed by commercial real estate. It had $41M in revenue in 2016.

It plans to sell 10M shares in a hoped-for range of $20.50-$21.50. Lead underwriters are Wells Fargo, Morgan Stanley, and KKR.

The stock will trade on the NYSE under the symbol "KREF."