Shearman And Sterling

News January 14, 2022

TPG’s $1 Billion Initial Public Offering

Shearman & Sterling advised TPG Inc. on the executive compensation, equity incentive, and senior executive and founder retention matters and related governance and disclosure considerations in connection with its initial public offering of 33,900,000 shares of common stock at a price to the public of $29.50 per share, resulting in total gross proceeds of approximately $1 billion. The shares began trading on the Nasdaq Global Select Market under the ticker symbol “TPG” on January 13, 2021.

J.P. Morgan, Goldman Sachs, Morgan Stanley, TPG Capital BD and BofA Securities acted as lead book-running managers and representatives of the underwriters for the offering.

TPG is a leading global alternative asset 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 Shearman & Sterling team below included associate K.J. Salameh (New York – Compensation, Governance & ERISA).

The Team