TPG (TPG) IPO Opens 12% Higher

Today's IPO for TPG (NASDAQ: TPG) opened for trading at $33 after pricing 33,900,000 shares of its Class A common stock at a price of $29.50 per share, the middle of the expected range.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and TPG Capital BD, LLC are acting as joint lead book-running managers for the proposed offering. BofA Securities, Citigroup, Deutsche Bank Securities, Evercore ISI, UBS Investment Bank, Wells Fargo Securities, BMO Capital Markets and Barclays are also acting as joint book-running managers, and Mizuho Securities, Keefe Bruyette & Woods, a Stifel Company, MUFG, SMBC Nikko, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates, Drexel Hamilton, R. Seelaus & Co., LLC, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the offering.

TPG Partners, LLC is a leading global alternative asset manager with approximately $109 billion in assets under management as of September 30, 2021.

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