Kinder Morgan readying to go public – source

NEW YORK, July 17 (BestGrowthStock) – Pipeline company Kinder
Morgan Inc, which was taken private in a $14.6 billion
management buyout in 2007, is preparing for an initial public
offering, according to a source familiar with the matter.

It was unclear whether Houston-based Kinder Morgan, backed
by Carlyle Group (CYL.UL: ) and Goldman Sachs Group Inc’s (GS.N: )
buyout fund, has already hired banks to handle the share sale.

A Bloomberg report on Friday said that Kinder Morgan has
begun a search for banks to manage the IPO.

If Kinder Morgan does go public, it would be the latest in
a string of companies controlled by private equity firms to do
so.

On July 14, theater operator AMC Entertainment Inc filed
with U.S. regulators to raise up to $450 million in an IPO.
That filing came ahead of the pricing and debut of another
movie-related new issue, 3D tech company RealD Inc (RLD.N: ),
whose technology was featured in the movie “Avatar.”

And in late May, U.S. toy retailer Toys R Us Inc [TOY.UL]
filed to raise as much as $800 million in an IPO that could
mark its return to the public markets five years after being
taken private by Kohlberg Kravis Roberts & Co [KKR.UL], Bain
Capital and shopping center operator Vornado Realty Trust
(VNO.N: ).

(Reporting by Megan Davies; writing by Nick Carey; editing
by Vicki Allen)

Kinder Morgan readying to go public – source