TPG could raise up to $1.05 billion in its initial public offering if the alternative investment firm gets the top of the share price range set in an updated prospectus filed with the Securities and Exchange Commission on Tuesday.
TPG plans to sell 28,310,194 shares and some shareholders plan to sell 5,589,806 shares of its Class A common stock at between $28 and $31 per share. TPG has applied to list its stock on the Nasdaq exchange under the symbol "TPG."
TPG has about $109 billion in assets under management, according to the prospectus.
TPG plans to use some of the money raised in the IPO for general corporate purposes including growing its existing business and/or expanding into complementary new lines of business or geographic markets, the SEC filing said.