Private equity firm TPG aims for $9.5b valuation in US IPO

Private equity firm TPG disclosed on Tuesday it is aiming for a $9.5 billion valuation in its U.S. initial public offering (IPO), as it presses on with a stock market flotation later this month.

The underperformance of its peers’ shares over much of the last decade gave TPG pause in pursuing a public listing, sources previously said. The firm was also trying to recover from a string of poor investments in the 2000s and diversify its private equity platform into growth and social impact investing.

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