Stock Groups

Private equity firm TPG files for U.S. IPO -Breaking

by Mike Robinson

[ad_1]

© Reuters.

(Reuters) – Private equity firm TPG has filed paperwork to allow an initial public offering in America, according to a regulatory filing.

TPG is a Fort Worth-based company. It did not disclose the amount of shares or indicative prices, but it stated that it will list on Nasdaq as the symbol “TPG”.

According to media reports, the firm considered going public sooner to be more competitive with publicly traded competitors like Apollo Global Management (NYSE.) Inc. and Blackstone Group.

TPG, which is known for leveraged buyouts and other notable features, could have a value of around $10 Billion, according to Wall Street Journal reports.

“We periodically evaluate strategic alternatives. A spokesperson for TPG said that no decisions had been made, and they have nothing to share at the moment.

TPG, founded by Jim Coulter in 1992, was originally known as Texas Pacific Group. According to TPG, the company’s initial major investment was in Continental Airlines (then bankrupt) in 1993.

J.P. Morgan, Goldman Sachs (NYSE:), Morgan Stanley The lead underwriters of the offering are TPG Capital BD LLC, BofA Securities and TPG Capital BD LLC.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes and charts. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]