Apollo Global Management - 2011-03-30
Description
Priced and offering of 29.7 million shares at $19 per share on the New York Stock Exchange as APO. The firm sold 21.5 million shares; current investors sold approximately 8.2 million shares. Apollo has an additional option to sell another 4.4 million shares.
The firm's principals will maintain control of the company in the form of Class B shares.
Lead bookrunners were Goldman Sachs, JPMorgan, Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank and UBS.