General Atlantic revives IPO plans with JPMorgan, Morgan Stanley and Goldman
General Atlantic is once again preparing for a potential public listing, working with JPMorgan, Morgan Stanley and Goldman Sachs on an initial public offering that could come as soon as this year, according to a report by Bloomberg citing unnamed people familiar with the plans.
General Atlantic, a New York-based investment firm managing about $129 billion in assets, is once again considering a potential public listing. The company, which has previously explored IPOs in 2022 and 2023, is now working with JPMorgan, Morgan Stanley, and Goldman Sachs on preliminary plans for an initial public offering, according to Bloomberg.
The process is still in its early stages, with the final details of the transaction, timing, structure, and size remaining unclear. While General Atlantic has long contemplated a stock market listing, the firm did not pursue it in 2022 or 2023. However, recent expansions into private markets, including acquisitions of credit manager Iron Park and a minority stake in Clipway, position the company as a "one-stop shop" similar to other private market firms that have recently pursued public listings.
With over 900 employees across 20 countries, General Atlantic has invested in notable companies such as Airbnb, Uber, and Shein. Additionally, the firm has gained a new strategic adviser in the form of 24-time Grand Slam tennis champion Novak Djokovic.
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