On January 13th Eastern Time, private equity giant $TPG Inc (TPG.US)$officially listed on Nasdaq, also the first major IPO of the US stock market in 2022.
Its IPO price is $29.50 per share, selling approximately 34 million shares, raising about $1 billion, and the stock code is 'TPG'.
As of the close, TPG soared 15.25%, with a share price of $34 and a market cap of $10.436 billion. In after-hours trading, TPG's stock price declined slightly.
TPG's listing this time is regarded as a "touchstone" for the "quality" of the US IPO market, helping investment institutions and companies awaiting listing to assess the level of activity in the IPO market this year, and thus receiving much attention from the market.
The first major IPO in 2022.
Although the size of the IPO market in the US in 2021 reached a historic high, newly listed companies generally performed poorly in the last few weeks of last year. About two-thirds of companies traded at prices lower than their listing prices at the end of last year.
On Wednesday, Justworks, a software company preparing to go public this week, said it would postpone its IPO due to recent volatility.
TPG CEO Jon Winkelried told the Financial Times of the United Kingdom:
"The current market volatility has deterred many investors. However, TPG's IPO is different from before. It is a high-quality book published by a highly profitable company with a 30-year history." ...