TPG Shifting Ahead With Preliminary Public Providing Plan

TPG has hired JPMorgan Chase & Co. and Goldman Sachs Group Inc. to subscribe to its proposed IPO, according to people familiar with the matter.

The Wall Street Journal reported in June that TPG was in the early stages of deliberating a listing that could be worth about $ 10 billion.

The company, which was considering both a simple IPO and a merger with a purpose-built acquisition company at the time, is moving on with the former and is developing papers that it plans to file confidential with regulators in the coming weeks, some of the people said. This could allow the shares to start trading by the end of the year.

“We are still evaluating strategic alternatives and currently have nothing to announce,” said a TPG spokesman in a statement.

With headquarters in San Francisco and Fort Worth, Texas, and offices around the world, TPG manages nearly $ 100 billion in assets. The company, one of the last of the original buyout giants to remain a private partnership, has sometimes considered going public in the past only to eventually decide against it.