TPG Announces Pricing for IPO – QNT Press Release


TPG, the world’s leading alternative asset manager, today announced an initial public offering of 33,900,000 shares of its Class A common stock at a price of $29.50 per share. According to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”), of the shares offered, 28,310,194 shares were offered by the company and 5,589,806 shares were offered by existing strategic investors. Underwriters will have a 30-day option to purchase an additional 3,390,000 shares of common stock, including 1,775,410 shares from the company and 1,614,590 shares from existing strategic investors.

The shares are expected to begin trading on the Nasdaq on January 13, 2022, under the symbol “TPG.” The offering is expected to close on January 18, 2022, subject to customary closing conditions.

TPG intends to use approximately 40% of net proceeds to purchase partnership interests in TPG operating entities from other existing strategic investors, and to use the remaining net proceeds received by it to pay issuance and restructuring expenses and for general corporate purposes, This may…

The full story is available on Benzinga.com



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