TPG $1 billion IPO
Davis Polk is advising TPG on its initial public offering of 33,900,000 shares of Class A common stock, consisting of 28,310,194 shares of Class A common stock offered by TPG and 5,589,806 shares of Class A common stock offered by an existing strategic investor. Shares of its Class A common stock are priced at $29.50 per share. TPG is listed on Nasdaq under the symbol “TPG.”
TPG is a leading global alternative asset management firm founded in San Francisco in 1992, with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: capital, growth, impact, real estate and market solutions.
The capital markets team includes partners Derek Dostal and Michael Kaplan and counsel Stephen A. Byeff. The Davis Polk corporate and tax team includes partners David H. Schnabel, Darren M. Schweiger and Corey M. Goodman and associates Michael Gilson, Lex L. Varga, Alex Yang and Kendra Simpson. Partner Ning Chiu is providing corporate governance advice. Partners Sartaj Gill and Meyer C. Dworkin and associate Michael Fan are providing finance advice. All members of the Davis Polk team are based in the New York office.