TPG (TPG) IPO Opens 12% Higher

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TPG Announces Pricing of Initial Public Offering

January 12, 2022 10:50 PM EST

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)-- TPG, a leading global alternative asset management firm, today announced the pricing of its initial public offering of 33,900,000 shares of its Class A common stock at a price of $29.50 per share. Of the offered shares, 28,310,194 shares are being offered by the Company and 5,589,806 shares are being offered by an existing strategic investor pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the SEC). The underwriters will have a 30-day option to purchase an additional 3,390,000 shares of common stock, consisting of 1,775,410 shares from the Company and 1,614,590 shares... More