General Atlantic Revives IPO Plans With JPMorgan at the Helm
General Atlantic is reviving its plans for an initial public offering (IPO) after years of preparation. The New York-based investment firm, which has about $129 billion in assets under management, is working with JPMorgan Chase & Co. to lead the listing process.
The potential IPO could take place as soon as this year, according to people familiar with the matter. General Atlantic has also picked Goldman Sachs Group Inc. and Morgan Stanley for a listing, which is expected to be led by JPMorgan.
The investment firm has held preliminary meetings with potential investors, some of whom have commented on the plans. However, it's worth noting that these people are unnamed sources, so their views should be taken as speculative.