Exclusive-KKR-backed OneStream Software hires Morgan Stanley to lead U.S. IPO - sources


FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) - OneStream Software, which is backed by private equity firm KKR & Co, has hired advisers to help it prepare for an initial public offering (IPO) in New York that could value the software maker at over $10 billion, people familiar with the matter said.

Rochester, Michigan-based OneStream, which builds software tools and solutions designed for chief financial officers (CFOs) of companies, has tapped investment bank Morgan Stanley to lead preparations for a stock market launch that is expected to happen early next year, the sources said.

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