{"id":393701,"date":"2022-01-13T23:59:41","date_gmt":"2022-01-13T20:59:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/private-equity-firm-tpg-valued-at-over-10b-in-market-debut\/"},"modified":"2022-01-13T23:59:41","modified_gmt":"2022-01-13T20:59:41","slug":"private-equity-firm-tpg-valued-at-over-10b-in-market-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/private-equity-firm-tpg-valued-at-over-10b-in-market-debut\/","title":{"rendered":"#Private equity firm TPG valued at over $10B in market debut"},"content":{"rendered":"<p>&#8220;<strong>#Private equity firm TPG valued at over $10B in market debut<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>TPG\u00a0shares rose nearly 12% in their stock market debut on Thursday, valuing the 30-year-old private equity giant at more than $10 billion, after the company went public to cash in on a pandemic-driven boost to the buyout industry\u2019s profits.<\/p>\n<p>TPG\u00a0will be looking at expanding its franchise into other areas such as credit and infrastructure, Chief Executive Officer Jon Winkelried told Reuters in an interview.<\/p>\n<p>\u201cWe will continue to build on the business in the way we have historically \u2013 organic growth, seeing opportunities and building into it,\u201d he said.<\/p>\n<p>TPG\u2019s stock market debut comes a decade after most of its major peers went public. The firm spent years recovering from a string of poor investments in the 2000s and diversifying its private-equity platform into growth and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> impact investing.<\/p>\n<p>The company holds nearly $109 billion in assets under management, with investments across a range of industries including in companies such as Airbnb Inc, Spotify <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> SA, Burger King, and McAfee Corp.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut4.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A person browses the site of Airbnb on a tablet\" class=\"wp-image-20826182\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut4.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut4.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut4.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>TPG holds nearly $109 billion in assets under management, with investments across a range of industries including in companies such as Airbnb.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Founded in 1992 by David Bonderman and Jim Coulter,\u00a0TPG\u00a0was launched as Texas Pacific Group in Mill valley, California. Its first major investment was in the then bankrupt Continental Airlines in 1993.<\/p>\n<p>Known for its leveraged buyouts,\u00a0TPG\u00a0has invested across sectors from retail to healthcare.<\/p>\n<p>The Fort Worth, Texas-based company\u2019s shares opened at $33.\u00a0TPG\u00a0and its selling shareholders sold 33.9 million shares priced at $29.50 each, the mid-point of its target price range of $28 and $31 apiece announced earlier, raising about $1 billion.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Sign on facade of a Burger King advertises the Impossible Whopper and BK Cafe \" class=\"wp-image-20826247\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shares of TPG, which also counts Burger King among its investments, opened at $33.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>TPG\u2019s net income jumped more than fivefold to $1.7 billion for the nine months ended September 2021. Its revenue surged to $3.89 billion, from $564.4 million a year earlier.<\/p>\n<p>J.P. Morgan, Goldman Sachs, Morgan Stanley,\u00a0TPG\u00a0Capital BD LLC and BofA Securities are the lead underwriters for the offering.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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TPG\u00a0will be looking at expanding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":393702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/tpg-hits-10b-valuation-market-debut2.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[123891,5007,95280],"class_list":["post-393701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-13-22","tag-ipo","tag-tpg-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=393701"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393702"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}