PE-backed annuity service provider Athene jumps in IPO debut: Reuters
Shares of Athene Holding Ltd (ATH.N) jumped as much as 9.2 percent in their debut on Friday, valuing the fixed annuity service provider at about US$8.25 billion in the year's largest financial IPO, Reuters reported. The offering raised about US$1.08 billion, all for selling shareholders. Bermuda-based Athene's backers include U.S. private equity firm Apollo Global Management, Ontario Teachers’ Pension Plan, and Procific, a unit of the Abu Dhabi Investment Authority.
9 December 2016•2 mins read
