Apollo IPO To Price Next Week, Looks to Raise $473 Mln
The IPO of Apollo Global Management looks to be back on track. Today, Apollo said it was planning to raise about $473 million by offering roughly 26.3 million class A shares at $17 to $19 each. Apollo itself is selling 18 million shares while certain shareholders are offering about 8.3 million shares. Joint bookrunners on the deal include Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank Securities and UBS Investment Bank. Underwriters on the deal have an option to buy another 3.9 million shares, according to a statement.
21 March 2011•1 min read
