Apollo-backed ADT sets IPO pricing terms

ADT, a provider of security and automation solutions for homes and businesses in North America, has priced its IPO of over 111 million shares at between $17 and $19 per share. ADT is planning on trading the stock on the New York Stock Exchange under the symbol "ADT.” Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank Securities and RBC Capital Markets are the lead underwriters. ADT is backed by Apollo Global Management.

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