According to people familiar with the matter, private equity giant TPG has hired JPMorgan Chase & CoAnd Goldman Sachs GroupAssist them to prepare for IPO.
TPG has not made a final decision on IPO and its plans may still change, the person said.
It was reported in June that TPG was in the early stages of considering a public offering, which could be valued at about $10 billion.
The company considered two options at the time, either through a direct IPO or through a merger with a special purpose acquisition company (SPAC), and now chose the former. The company is drafting documents and plans to secretly submit IPO applications to regulators in the coming weeks, according to people familiar with the matter.
A spokesman for TPG said: "We continue to review strategic options and have nothing to announce at this time."
Founded in 1992 as Texas Pacific Group (Texas Pacific Group), TPG invests in private equity, real estate and hedge funds. The company is willing to make large bets on unpopular or risky companies, often with handsome returns. It is UBER TECHNOLOGIES INC.Early investors in technology companies and Airbnb.