General Atlantic Revives IPO Plans with JPMorgan at Helm
Investment firm General Atlantic has revived its plans to go public after nearly three years. The company has tapped JPMorgan Chase to lead its initial public offering (IPO), according to a source familiar with the matter.
The New York-based company also hired Morgan Stanley and Goldman Sachs for the IPO, which could take place as soon as this year. However, the source noted that talks are ongoing, and details such as the number of banks involved may change.
The firm confidentially filed for a listing in December 2023 but delayed the offering due to market volatility. The U.S. IPO market has rebounded recently, with the listing of Elon Musk's SpaceX earlier this year being one of the most prominent offerings.
General Atlantic manages about $130 billion in assets and has invested a total of $121 billion since its inception, according to its website. Its global investment portfolio includes companies such as Anthropic, PhonePe, and Banamex.