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USA Stock IPO Encyclopedia | With a valuation of nearly tens of billions, the asset management giant TPG, on par with blackstone KKR, will be listed this Thursday.

Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code 'TPG'. The company plans to issue 33.9 million shares at a price of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion.
The initial public offering will be led by JPMorgan Chase, Goldman Sachs, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, with a total of 23 investment banks and brokerages serving this IPO transaction.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
The trillion-dollar PE giant TPG was founded in 1992, originally Texas Pacific Group, known as the Texas Pacific Investment Group in the USA, is one of the world's largest private equity investment companies, comparable to the renowned Blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
Headquartered in San Francisco and Fort Worth, Texas, it now has investment and operation teams in 12 cities around the world. Currently, it has invested in more than 280 companies, with these companies headquartered in over 30 countries and regions.
TPG is known for its acquisition investments, but it has now expanded and covered categories of assets including private equity, growth funds, impact investments, real estate, and public funds.
The company announced in early 2021 the acquisition of a majority stake in NewQuest Capital Partners, integrating resources from both sides, also providing feasible space for TPG to enter the private equity secondary market in the future.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
Over the past 30 years, TPG has been involved in various large investment transactions. In the first decade of its establishment, the company made significant investments in Continental Airlines (now merged into United Airlines) and Burger King, and in 2005, it led a consortium with Providence to acquire MGM Resorts.
In 2007, TPG Growth successfully invested in rapidly growing companies including Uber and Airbnb.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
TPG has also made impactful investments in mainland China. TPG Capital entered China in 1994, with investments covering multiple sectors.
Among them, the investment in Shenzhen Development Bank (now Ping An Bank) in 2004 and in CICC in 2010 have brought returns several times over. The company also jointly completed the privatization of United Family Healthcare with Fosun Pharma and Li Biqing in 2014, and five years later exited by selling its stake to New Frontier Group.
Other notable investment cases include Li Ning, United Family Healthcare, Dingdang Kuaiyao, Zhaoke Ophthalmology, and Ifeng.com.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
As of September 30, 2020 and September 30, 2021, the company's revenue was $0.659 billion and $6.85 billion, with a year-on-year increase of 4%, mainly due to the increase in trading, monitoring, and other fee income.
Compared with the fiscal year ended December 31, 2019, the revenue of the 2020 fiscal year decreased by $0.149 billion, a year-on-year decrease of 14%, mainly due to the decrease in management fees, incentive fees, and other expenses. This decline in revenue was partially offset by a net increase of $16.7 million in trading fees.
Alternative asset management giant TPG is expected to be listed on NASDAQ on January 13th, Eastern Time, with the stock code "TPG". The company plans to issue 33.9 million shares at a price range of $28 to $31 per share. At the midpoint of the proposed range, TPG's fully diluted market cap reaches $9.3 billion. This IPO will be lead-managed by JP Morgan Chase Securities, Goldman Sachs Group, Morgan Stanley, and TPG Capital BD, along with joint bookrunners and co-managers, a total of 23 investment banks and brokerages are serving this IPO transaction. The trillion-dollar PE giant TPG was established in 1992, with the full name Texas Pacific Group, that is, the Texas Pacific Investment Group in the United States. It is one of the world's largest private equity investment companies, on par with the renowned blackstone and Carlyle. According to the prospectus, the company's assets under management have exceeded $109 billion. Its headquarters are located in San Francisco and Fort Worth, Texas, and now has investment and operation teams in 12 cities worldwide. There are currently more than 280 invested companies, with headquarters in over 30 countries and regions. TPG is known for its mergers and acquisitions, but has expanded its asset management categories to cover private equity, growth funds, impact investing, real estate, and public funds. The company announced the acquisition of NewQuest Capital in early 2021, aiming to strengthen its presence in the Asian market and expand its asset management business.
Click to view the prospectus.
Editor/Kelly
$Blackstone Strategic Credit 2027 Term Fund (BGB.US)$$KKR & Co (KKR.US)$$CICC (03908.HK)$$Uber Technologies (UBER.US)$$Airbnb (ABNB.US)$$Ping An Bank (000001.SZ)$$LI NING (02331.HK)$$FOSUN PHARMA (02196.HK)$$Shanghai Fosun Pharmaceutical (600196.SH)$$MGM Resorts International (MGM.US)$$TPG Inc (TPG.US)$$Blackstone (BX.US)$$The Carlyle Group (CG.US)$$KKR & Co (KKR.US)$$Spotify Technology (SPOT.US)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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