Sunday, September 7, 2025

Asset Manager TPG Prices US$1 Billion IPO

Private equity firm TPG Inc. (Nasdaq: TPG) began trading on the Nasdaq Global Select Market today. The firm’s initial public offering is looking to raise US$1.0 billion and is expected to close on January 18, 2022.

The offering consists of 33.9 million Class A common shares selling at US$29.50 per share. The firm is selling 28.3 million of the shares while the selling stockholder China Life Trustees is selling the remaining 5.6 million shares.

The company intends to use around 40% of the proceeds “to purchase partnership interests in the TPG operating entity from other existing strategic investors.”

The company granted a 30-day over-allotment option to purchase additional 3.39 million common shares at the same IPO price. J.P. Morgan, Goldman Sachs & Co., Morgan Stanley, and TPG Capital BD are acting as the lead bookrunners for the said offering.

In its filed prospectus, the global alternative asset management firm said it has approximately US$109 billion in assets under management as of September 30, 2021. The company also reported US$3.9 billion in revenue and US$3.8 billion in net income for the nine months ending September 30, 2021.

Related to its IPO, the firm’s CEO Jon Winkelried and co-founder & executive chairman Jim Coulter rang the Nasdaq opening bell today.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Dating App Grindr Swipes Right To Potential US$2.1 Billion SPAC Merger

LGBTQ+ dating app Grindr announced on Monday the potential business combination agreement with special purpose...

Tuesday, May 10, 2022, 02:25:00 PM

Financial SPAC FG Acquisition Announces US$100 Million TSX IPO

Blank check firm FG Acquisition is looking to go public on the Toronto Stock Exchange....

Tuesday, March 22, 2022, 02:18:00 PM

Crypto Firm Argo Blockchain Prices US$112.5 Million IPO

Cryptocurrency mining company Argo Blockchain Plc (Nasdaq: ARBK) started trading on the Nasdaq Global Select...

Thursday, September 23, 2021, 03:48:00 PM

Reddit: The High Level Details Of The IPO

The popular online platform Reddit has revealed its intention to go public on the New...

Friday, February 23, 2024, 08:05:41 AM

Fashion Brand Lulus Prices US$92 Million IPO

Women’s fashion brand Lulu’s Fashion Lounge Holdings, Inc. (Nasdaq: LVLU), popularly known as Lulus, started...

Thursday, November 11, 2021, 02:23:00 PM