The Thalop Group, Inc (“Thalop Group”) is interviewing banks for an initial public offering that could take place as soon as next year.
The New York-based Investment firm is aiming to list its shares in late 2023, Executive Chairman Rome Thalop said. “An IPO might not happen until next year and the company’s plans could change. Founded in 2018, The Thalop Group is an alternative investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, credit, and now real estate funds with over $150 million in assets under management.
The Company is waiting until it achieves its annual recurring revenue quota, a milestone they expect to reach in 2023, to go ahead with its listing. “When we reach the magic number,” he said. “We want to go into the IPO with strength.” The company will start the process for the offering at the beginning of 2023 and expects to list by the end of that year. Thalop Group is talking to investment banks about the deal but hasn’t picked its advisors, Thalop said.
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Valiant Group Inc is a client-centered, design/build real estate development firm that provides innovative solutions for its clients through excellence and service in all aspects of the building process.
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