General Atlantic is considering going public again nearly three years after it initially filed to do so, according to people familiar with the matter. The New York-based firm recently refreshed its IPO paperwork with the Securities and Exchange Commission, a necessary step ahead of a potential offering, the people said.

The recent move could set up the firm for a public debut this year, though there are no guarantees the firm will proceed, and the plans partly depend on market conditions, the people said. The firm manages about $130 billion, with investments in companies including Anthropic and Vuori.

Run by Chairman and Chief Executive Bill Ford, it focuses on growth investing but also operates businesses around credit, climate and infrastructure. General Atlantic confidentially filed for a U.S. IPO in December 2023 but didn't move ahead at the time.

The IPO market has been heating back up after a mostly quiet stretch, driven by demand in industries such as AI, aerospace and defense.