General Atlantic Revives IPO Plans with JPMorgan, Goldman Sachs
General Atlantic, a New York-based investment firm with approximately $129 billion in assets under management, is reviving its plans for an initial public offering (IPO). According to Bloomberg, citing people familiar with the matter, the company is working with JPMorgan Chase & Co. on the potential listing.
The firm has also selected Goldman Sachs Group Inc. and Morgan Stanley as lead banks for the IPO, which could take place as early as this year. Preliminary meetings have been held with potential investors, but deliberations are ongoing and details of the offering may change.
It's worth noting that General Atlantic's IPO plans were previously reported to be in the works, but this is a revival of those efforts. The exact timing and specifics of the listing remain uncertain at this time.