When does TPG stock start trading & how to buy it?

3 min read | January 13, 2022 07:56 AM EST | By Raza Naqvi

When does TPG stock start trading & how to buy it? — Image source: © Stavklem | Megapixl.com

TPG IPO: Key details

At US$ 29.5 per share, the market value of TPG is approximately US$ 9 billion, as per the number of outstanding shares declared in the IPO proposal filed with the Securities and Exchange Commission (SEC).

TPG IPO gained investors' attention as it is a successful private equity company in the United States.

TPG IPO ©2022 Kalkine Media®

In addition, TPG will also follow suit with rival private-equity firms like Apollo Global Management Inc., Carlyle Group Inc., and Blackstone Inc., as they have already gone public in the US equities market.

The TPG IPO's underwriting responsibility was given to Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co., among others.

TPG stock will start trading on Thursday, January 13, on the Nasdaq Global Select Market. Just like regular shares, retail investors can buy the TPG stock through online accounts of brokerage companies after it begins trading.

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Generally, the trading session starts at 9:30 AM. However, the debutant stocks often trade at least one hour after the market opens.

Bottom line

Started in 1992, TPG made a name for itself by placing massive bets on lesser-known companies, and its investments paid off.

TPG was an early investor in companies like Uber Technologies Inc. It is expected that the stock market traders will pay attention to the TPG stock as it could allow them to get exposure to early-stage companies and startups.

As of September 30, 2021, TPG had US$ 109 billion of assets under management, up from US$ 60 billion in 2016. Meanwhile, the company reportedly houses 912 employees and has a presence in over 30 countries.

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