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Perella Weinberg Taps Goldman and JPMorgan to Lead IPO

  • Boutique bank could be worth about $1.5 billion in offering
  • Dealmakers Peter Weinberg and Joe Perella started firm in 2006
Goldman Sachs Group Inc. headquarters stands in New York.
Goldman Sachs Group Inc. headquarters stands in New York.Photographer: Christopher Lee/Bloomberg
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Perella Weinberg Partners is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on its initial public offering, which could be filed by the end of this year, according to people familiar with the matter.

Goldman and JPMorgan are joint bookrunners working toward an IPO that could value the New York-based firm at about $1.5 billion, or roughly three times its annual sales, said the people, who asked not to be identified because the matter isn’t public. The firm, founded by Joe Perella and Peter Weinberg, could price an offering early next year, they said.