Global private investment firm TPG is considering options of a public listing which would bring the firm’s valuation to $10 billion, the WSJ reported Thursday.
- Sources close to the matter said TPG is likely to push through with the public listing through an initial public offering, or it can also merge with a special-purpose acquisition company. The firm has already floated the idea of going public in the past.
- Discussions are still in the preliminary stage, and a deal may not push through. A TPG spokesperson said the company is evaluating various “strategic alternatives” from time to time but noted that no decisions have been made and that it had nothing to announce so far.
- The company’s direction in the past months could be seen as a preparation for a listing, with the appointment of Jim Coulter as executive chairman while Jon Winkelreid would become the sole chief executive officer. Coulter co-founded the firm in 1992 with David Bonderman.
TPG is expected to benefit from the recent boom in the IPO and SPACs, with its business model attractive to investors.