The TPG IPO: 5 things to know about private-equity firm valued at more than $9 billion

The TPG IPO: 5 things to know about private-equity firm valued at more than  billion

Private-equity firm TPG Partners LLC is going public with $109 billion of assets under management in one of the more highly anticipated public stock debuts from the world of alternative investing.

TPG TPG.xx, shares are expected to trade on Nasdaq under the symbol “TPG” on Thursday morning, after they were priced at $29.50 a share to raise at least $835 million in capital that values the firm at more than $9 billion. TPG was planning to offer 28.31 million Class A shares with a selling shareholder offering 5.59 million shares in the deal, which priced in the middle of the planned range of $28 to $31 a share.

While TPG executives have been talking privately about going public for years, the firm has finally moved ahead after strong stock price performances from rivals such as Blackstone Group BX, +0.86%, KKR & Co. Inc.

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