Private equity firm TPG Partners set the final offering price for its IPO at $29.50 per share, the midpoint of its projected range for the offering of $28 to $31 apiece. That raised about $1 billion in fresh capital and valued the company at just under $9 billion, easily making it one of the biggest IPOs for the year.
The stock opened for trading Thursday afternoon at $33 per share and closed at $34. It dropped to $32.79 on Friday.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, TPG's shares have ranged in value from as little as $23.7592 up to $47.2. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while TPG's is 1.606. This would suggest that TPG's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $43.87
| 1 week (2024-04-18) | 3.27% |
|---|---|
| 1 month (2024-03-27) | -1.86% |
| 3 months (2024-01-25) | 4.40% |
| 6 months (2023-10-26) | 62.60% |
| 1 year (2023-04-27) | 51.43% |
| 2 years (2022-04-27) | 67.89% |
| 3 years (2021-04-21) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the TPG P/E ratio, PEG ratio and EBITDA
TPG's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $113.4 million.
The EBITDA is a measure of a TPG's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
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