TPG IPO?

Thoughts on this IPO? Curious as to why they would go public __________ __________ __________ __________


Comments (6)

  • Associate 3 in IB-M&A
Jan 12, 2022 - 7:19pm

Why does anyone go public? Cash out for the founders, allow further expansion, etc. The comps are public and the handful of international PE IPOs late last year went very well.

  • Prospect in IB - Gen
Jan 12, 2022 - 7:21pm

Thank you for clarifying. I didn't realize that the incentive still existed for an already established PE giant especially with the favorable dry powder situation at the moment

  • Associate 2 in PE - LBOs
Jan 12, 2022 - 7:56pm

The dynamic at play is that allows them to raise permanent capital (i.e., IPO primary proceeds go direct to the balance sheet to be used for whatever - funding new investment strategies, etc.) rather than LP capital you can get by raising a fund from investors

Disclaimer: I did not review anything for the TPG IPO so I'm not sure what the primary / secondary split was for the offering, comments above are in general 

Jan 13, 2022 - 1:19pm

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