General Atlantic taps JPMorgan to lead revived IPO effort

General Atlantic taps JPMorgan to lead revived IPO effort

The investment firm also hired Morgan Stanley and Goldman Sachs for a potential listing as soon as this year

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By Editorial Team
Edited by Estefano Gomez

General Atlantic has selected JPMorgan Chase to lead a revived initial public offering that could take place as soon as this year, Reuters reported, citing a person familiar with the matter.

The New York-based investment firm has also hired Morgan Stanley and Goldman Sachs for the offering, the source said. Discussions are continuing, and details including the number of participating banks could change.

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General Atlantic confidentially filed for a listing in December 2023 but delayed the offering because of market volatility.

The firm manages about $130 billion in assets and has invested $121 billion since its founding, according to its website. Its portfolio includes Anthropic, Indian payments company PhonePe and Mexican bank Banamex.

Bloomberg News first reported JPMorgan’s hiring as lead underwriter, while The Wall Street Journal first reported that the listing plans had been revived.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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General Atlantic taps JPMorgan to lead revived IPO effort
General Atlantic taps JPMorgan to lead revived IPO effort

The investment firm also hired Morgan Stanley and Goldman Sachs for a potential listing as soon as this year

By Editorial Team
Edited by Estefano Gomez

Share

Add us on Google

General Atlantic has selected JPMorgan Chase to lead a revived initial public offering that could take place as soon as this year, Reuters reported, citing a person familiar with the matter.

The New York-based investment firm has also hired Morgan Stanley and Goldman Sachs for the offering, the source said. Discussions are continuing, and details including the number of participating banks could change.

Advertisement

General Atlantic confidentially filed for a listing in December 2023 but delayed the offering because of market volatility.

The firm manages about $130 billion in assets and has invested $121 billion since its founding, according to its website. Its portfolio includes Anthropic, Indian payments company PhonePe and Mexican bank Banamex.

Bloomberg News first reported JPMorgan’s hiring as lead underwriter, while The Wall Street Journal first reported that the listing plans had been revived.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.