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.
The New York-based investment firm, which manages approximately $129bn in assets, has held preliminary discussions with prospective investors as it reassesses plans for an IPO. JPMorgan is understood to be working with General Atlantic on the offering, alongside Morgan Stanley and Goldman Sachs.
The process remains at an early stage, with the timing, structure and size of any transaction yet to be determined. Additional banks could also be brought into the syndicate, the sources said.
General Atlantic has considered a stock market listing for several years. The firm explored an IPO in 2022 and confidentially filed for a US listing in 2023, but the plans did not progress to a flotation.
The latest effort comes after General Atlantic has expanded its capabilities beyond its traditional growth equity business. Its acquisitions include credit manager Iron Park and a minority investment in secondaries specialist Clipway, moves that have broadened the firm’s offering across private markets.
PitchBook private equity analyst Kyle Walters said the transactions have helped position General Atlantic towards a broader “one-stop shop” model, similar to a number of private market firms that have recently pursued public listings.
General Atlantic employs more than 900 people across 20 countries and has invested in companies including Airbnb, Uber and Shein. The firm has also expanded its profile outside traditional investment activities, with 24-time Grand Slam tennis champion Novak Djokovic joining as a global strategic adviser earlier this year.
