KKR & Co. Inc.
KKR,
late Monday filed an initial public offering for its portfolio company BrightSpring Health Service Inc., a home health care service provider, to trade under the ticker BTSG on the Nasdaq. Goldman Sachs, KKR, Jefferies, Morgan Stanley, UBS, BofA Securities, Guggenheim Securities and Leerink Partners are underwriting the deal. The IPO is expected to raise about $1 billion, according to IPOScoop.com. BrightSpring reported a net loss of $149.63 million and revenue of $6.45 billion in the nine months ended Sept. 30, versus net income of $2.46 million and revenue of $5.75 billion in the year-ago period. BrightSpring withdrew its IPO on November 23, 2022 after an earlier IPO filing in October of 2021.
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