TPG Is Said to Consider an IPO for Software Company Delinea (1)

Delinea Inc., a cybersecurity company controlled by TPG Inc., is exploring an initial public offering, according to people with knowledge of the matter.

The San Francisco-based company hired Goldman Sachs Group Inc. and Morgan Stanley ahead of a potential listing, said one of the people, all of whom asked not to be identified discussing confidential information. Deliberations are ongoing and details of any offering could change, the people said.

Representatives for TPG and Goldman declined to comment. A spokesperson for Delinea said the firm is “unable to speculate on future plans at this time.” Morgan Stanley didn’t immediately ...