General Atlantic Revives IPO Plans with JPMorgan's Help
General Atlantic is reviving its plans for an initial public offering (IPO), according to sources familiar with the matter. The New York-based investment firm, which has about $129 billion in assets under management, is reportedly working with JPMorgan Chase & Co. on a potential listing.
The preliminary meetings held with potential investors suggest that General Atlantic may go public as soon as this year. While no official timeline or details have been disclosed, the involvement of prominent banks like Goldman Sachs Group Inc. and Morgan Stanley indicates a serious effort to take the company public.