TPG Announces Launch of Secondary Public Offering
26 Février 2024 - 12:25PM
Business Wire
TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading
global alternative asset management firm, today announced that
certain stockholders of the Company (the “Selling Stockholders”)
intend to offer 15,526,915 shares of TPG’s Class A common stock,
par value $0.001 per share (the “Common Stock”), pursuant to a
shelf registration statement filed with the Securities and Exchange
Commission (the “SEC”). The offering consists entirely of secondary
shares to be sold by the Selling Stockholders. The Selling
Stockholders will receive all of the proceeds from the offering.
The Company is not selling any shares of Common Stock in the
offering and will not receive any proceeds from the offering.
J.P. Morgan and Morgan Stanley are acting as the underwriters of
this offering.
The underwriters propose to offer the shares of Common Stock
from time to time for sale in one or more transactions on Nasdaq,
in the over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices.
An automatic shelf registration statement (including a
prospectus) relating to the offering of Common Stock was filed by
TPG with the SEC on February 26, 2024 and became effective upon
filing. Before you invest, you should read the prospectus in the
shelf registration statement and the documents incorporated by
reference therein and the prospectus supplement that the Company
has filed with the SEC for more complete information about the
Company and the offering. The offering will be made only by means
of a prospectus and a related prospectus supplement relating to the
offering, copies of which may be obtained from J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or
by email at prospectus-eq_fi@jpmchase.com; or Morgan Stanley &
Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014. A copy of the prospectus and the related
prospectus supplement relating to the offering may also be obtained
free of charge by visiting EDGAR on the SEC’s website at
www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About TPG
TPG is a leading global alternative asset management firm,
founded in San Francisco in 1992, with $222 billion of assets under
management and investment and operational teams around the world.
TPG invests across a broadly diversified set of strategies,
including private equity, impact, credit, real estate, and market
solutions, and our unique strategy is driven by collaboration,
innovation and inclusion. Our teams combine deep product and sector
experience with broad capabilities and expertise to develop
differentiated insights and add value for our fund investors,
portfolio companies, management teams, and communities.
Forward-Looking Statements
This press release may contain “forward-looking” statements
based on the Company’s beliefs and assumptions and on information
currently available to the Company. Forward-looking statements can
be identified by words such as “anticipates,” “intends,” “plans,”
“seeks,” “believes,” “estimates,” “expects” and similar references
to future periods, or by the inclusion of forecasts or projections.
Examples of forward-looking statements include, but are not limited
to, statements we make regarding the terms of the proposed public
offering, the outlook for our future business and financial
performance, estimated operational metrics, business strategy and
plans and objectives of management for future operations,
including, among other things, statements regarding expected
growth, future capital expenditures, fund performance, dividends
and dividend policy, and debt service obligations.
Forward-looking statements are based on our current expectations
and assumptions regarding our business, the economy and other
future conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, our actual results may differ
materially from those contemplated by any forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include the inability to recognize the anticipated benefits of the
acquisition of Angelo Gordon; unexpected costs related to the
integration of the Angelo Gordon business and operations; our
ability to manage growth and execute our business plan; and
regional, national or global political, economic, business,
competitive, market and regulatory conditions, among various other
risks discussed in the Company’s SEC filings.
For the reasons described above, we caution you against relying
on any forward-looking statements, which should be read in
conjunction with the other cautionary statements included elsewhere
in this press release and risk factors discussed from time to time
in the Company’s filings with the SEC, which can be found at the
SEC’s website at http://www.sec.gov. Any forward-looking statement
in this presentation speaks only as of the date of this press
release. Factors or events that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. We undertake no obligation to update or
revise any forward-looking statement after the date of this press
release, whether as a result of new information, future
developments or otherwise, except as may be required by law. No
recipient should, therefore, rely on these forward-looking
statements as representing the views of the Company or its
management as of any date subsequent to the date of the press
release.
This press release does not constitute an offer of any TPG
Fund.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240225078503/en/
Media Luke Barrett 415-743-1550 media@tpg.com
Shareholders Gary Stein 212-601-4750
shareholders@tpg.com
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