Singapore's GLP seeks to raise some US$2 bil through US IPO of fund management operations

GLP Pte has filed confidentially for a US initial public offering of its investment business that’s seeking to raise about US$2 billion ($2.71 billion), according to people with knowledge of the matter.

The Singapore-based company is planning to list its fund management operations as soon as the first half of this year, the people said, asking not to be identified as the information isn’t public. Volatility in markets roiled by the Russian invasion of Ukraine could cause delays to the plan, one of the people said.