Stock Groups

Private equity firm TPG raises $1 billion in IPO -source -Breaking

by Mike Robinson

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© Reuters.

(Reuters) – Private equity company TPG has raised $1billion in the U.S. Initial Public Offering, according to a person who was familiar with it. The transaction had a market value of $9.1billion.

Sources said that TPG had priced 33.9million shares at $29.50 per unit. This week, the buyout company had indicated that they would be selling shares at $28 to $31 per share.

TPG didn’t immediately reply to our request for comment. On Thursday, TPG shares will trade on Nasdaq.

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