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TPG slides after secondary offering launch

ReutersMay 20, 2025 8:50 PM

TPG Inc's TPG.O shares down 4.7% in extended trading to $47.55 on secondary offering news

Private equity firm says DB Holdings, vehicle for benefit of the estate of David Bonderman, to offload 21 mln shares

JP Morgan sole underwriter for offering

Co has ~363 total shares outstanding for ~$18 bln market cap

Shares on Tues closed down 1.8% at $49.90, down ~21% YTD

TPG, founded in 1992 by the late David Bonderman and James Coulter, went public in Jan 2022 IPO at $29.50

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