TFP Group files for US IPO amid weak fall market appetite

  • TFP Group filed for a US initial public offering on Friday, Sept. 25.
  • TFP Group plans to list on the New York Stock Exchange under ticker TFP.
  • Morgan Stanley, Barclays and J.P. Morgan are among the offering’s underwriters.

TFP Group, the insurance firm better known as the Fidelis Partnership, filed for an initial public offering in the US on Friday, Sept. 25. The company and some existing shareholders plan to sell shares, with Morgan Stanley, Barclays and J.P. Morgan among the underwriters. TFP Group intends to list on the New York Stock Exchange under the symbol TFP. The filing comes as rising bond yields and a tightening rate environment weigh on investor risk appetite, undermining expectations for a quick start to the fall IPO window.

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