US e-payments processor First Data is being prepared for an initial public offering by owner Kohlberg Kravis Roberts (KKR), according to the Financial Times.
First Data - which was acquired in 2007 for around $29 billion - is just one of six companies the private equity giant is planning to float over the next 12 months, a person familiar with the company told the FT.
The others include US retailer Toys R Us, US hospital group HCA, Danish telecoms group TDC, and Dollar General, a discount retailer.
KKR eyes market blitz of up to six IPOs - FT