TPG is aiming for a valuation of as much as $9.3 billion in its U.S. initial public offering, as the private equity powerhouse finally moves closer to a stock market flotation after toying with the idea of going public for several years.
The firm, an investor in Airbnb Inc., Uber Technologies Inc., and Spotify Technology SA, said on Tuesday it planned to sell about 28.3 million shares priced between $28 and $31 apiece in the offering.
