Thursday, 25 December 2014
Last updated 1 day ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.