Kohlberg Kravis Roberts
, on the heels of rival
initial public offering, is planning its own IPO, reports say.
The firm, known for its takeover of
in 1988, has hired underwriters
as possible underwriters for the offering, according to
A source close to KKR said the firm may still decide against the IPO, which values the firm at about $34 billion,
The Wall Street Journal
reported on its Web site late Thursday.
Competitor Blackstone Group
launched its IPO late Thursday at $31 a share, the high end of its expected range.
The private-equity giant Blackstone makes its debut on the
New York Stock Exchange
In April, KKR agreed to buy
for $29 billion.