TPG Heads for IPO as It Cashes In on Buyout Industry’s Boom

TPG Inc. is going public, seeking to cash in on the boom that has helped buyout peers post bumper results and pay out record compensation.

The firm, an early investor in businesses such as Uber Technologies Inc. and Airbnb Inc., is now readying for its own share listing, likely unlocking billions of dollars for its founders and executives.

It’s an industry gold rush the likes of which are rarely seen at publicly traded companies. In recent weeks, TPG’s rivals announced pay packages and incentives for executives that may reach $1 billion per person. Profits are soaring, assets under management ...