TPG weighing IPO for cybersecurity company Delinea, Bloomberg reports

TPG (TPG)-controlled cybersecurity company Delinea is exploring an IPO and has hired Goldman Sachs (GS) and Morgan Stanley (MS) ahead of a potential listing, Bloomberg’s Bailey Lipschultz and Gillian Tan report. Delinea’s annual recurring revenue is approaching $400M, according to the report, which adds that deliberations are ongoing and details of any offering could change.