Private equity firm TPG has submitted paperwork for an initial public offering in the United States, according to a regulatory filing on Thursday, as it seeks to better compete with its publicly traded peers.

Fort Worth, Texas-headquartered TPG, which did not reveal the number of shares it plans to sell or the indicative price range, is known for its leveraged buyouts. The asset manager could be valued at around $10 billion, the Wall Street Journal had reported.

Net income attributable to TPG’s controlling interests was $1.7 billion for the nine months ended September, its filing showed.

Read more/Source: Reuters