KKR Enters SPAC Frenzy With Flat Debut After $1.2 Billion IPO
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The first special purpose acquisition company from private-equity giant KKR & Co. Inc. opened flat in its debut session on Wednesday.
KKR Acquisition Holdings I Corp. raised $1.2 billion in an upsized initial public offering that priced Tuesday after the market closed. The vehicle will now search for acquisition targets in the consumer and retail industries, its filing says. The search will be led by Chief Executive Officer Glenn Murphy, chairman at Lululemon Athletica Inc.