Santander Consumer USA Holdings Inc , the U.S. consumer-finance arm of Spanish lender Banco Santander SA, is seeking a valuation of up to $8.4 billion in an initial public offering.The company, which focuses on auto loans, said it expects the IPO to raise up to $1.56 billion, based on the sale of 65.2 million shares priced at between $22 and $24 per share.Shareholders will sell all of the shares being offered. Santander Consumer will not receive any of the proceeds, it said in a filing with the U.S. Securities and Exchange Commission on Thursday.Dallas-based Santander Consumer is 65-percent owned by Banco Santander. An investment vehicle managed by private equity firms Centerbridge Partners LP, Kohlberg Kravis Roberts & Co and Warburg Pincus LLC owns about 25 percent.
KKR & Co. L.P. (KKR) is a global investment company. Shares of KKR remained unchanged at $25.78. In the past year, the shares have traded as low as $15.79 and as high as $25.87. On average, 2279490 shares of KKR exchange hands on a given day and today's volume is recorded at 0.
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