TPG shares rose nearly 12% in their stock market debut on Thursday, valuing the 30-year-old private equity giant at more than $10 billion, after …
TPG shares 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’s profits. TPG will be looking at expanding its franchise into other areas such as credit and infrastructure, Chief Executive Officer Jon Winkelried told Reuters in an interview. “We will continue to build on the business in the way we have historically – organic growth, seeing opportunities and building into it,” he said.
