Apollo Delays IPO

Mar 17 2011 | 2:01pm ET

Apollo Global Management has postponed its initial public offering in the face of volatile markets.

The $67 billion private equity firm said last year that it would seek to raise $500 million in a New York Stock Exchange listing. The firm had been poised to update its IPO registration filing with more detailed terms, Reuters reports, including word that nearly 70% of the shares sold in the offering will be newly-created.

Apollo had raised $828 million four years ago in a private offering.

Moving forward with the IPO is a "day-to-day" decision, sources told Reuters.

Apollo's move to hold off on the IPO may be a response to the Japanese earthquake and nuclear crisis, which has roiled world markets and sent U.S. stocks into a tailspin.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of