Deals
Private Credit Firm HPS Has Begun Discussing IPO With Prospective Investors
- Potential listing could value firm at $10 billion or more
- Talks with investors follow confidential filing with SEC
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HPS Investment Partners, the private credit manager carved out of JPMorgan Chase & Co. in 2016, has begun discussing an initial public offering with potential investors, according to people with knowledge of the matter.
The firm could publicly disclose its financials as soon as next week, said some of the people, who requested anonymity to discuss confidential information. A potential listing could value it at $10 billion or more, the people said.