SAN FRANCISCO & FORT WORTH, Texas - TPG Inc. (NASDAQ:TPG), a prominent global alternative asset management firm, has announced that certain stockholders are planning to sell 15,526,915 shares of its Class A common stock.
This secondary offering will not involve the sale of new shares by the company itself, and as such, TPG will not receive any proceeds from the sale.
The shares are being offered through a shelf registration statement with the Securities and Exchange Commission (SEC), which became effective upon its filing on February 26, 2024. The specific terms of the sale, such as pricing and timing, will be determined at the point of sale and may occur on the Nasdaq, over-the-counter markets, or through negotiated transactions at market or negotiated prices.
J.P. Morgan and Morgan Stanley (NYSE:MS) are serving as the underwriters for the offering. Potential investors can obtain copies of the prospectus and the prospectus supplement from these financial institutions or by accessing the SEC’s website.
TPG, with $222 billion of assets under management, has a diversified investment strategy that spans private equity, impact, credit, real estate, and market solutions. The firm was founded in 1992 and operates with a global presence.
This news article is based on a press release statement from TPG Inc. and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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