Reuters first to report KKR-backed OneStream Software hires Morgan Stanley to lead U.S. IPO

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