KKR Real Estate Finance Trust To Offer 10 Million Shares In IPO

By Ciara Linnane Markets MarketWatch Pulse

KKR Real Estate Finance Trust Inc. unveiled Wednesday the launch of its initial public offering, in which it will sell 10 million shares priced in a range of $20.50 to $21.50. The company, which originates and acquires senior loans secured by commercial real estate assets, is planning to list on the New York Stock Exchange under the ticker symbol "KREF." Wells Fargo, Morgan Stanley and KKR are lead underwriters on the deal, with Barclays, Goldman Sachs and J.P. Morgan acting as co-managers.

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