Apollo Global Management float to raise £350m as demand soars

first_imgTuesday 29 March 2011 9:04 pm Apollo Global Management float to raise £350m as demand soars SHARES of private equity firm Apollo Global Management priced at the top of a proposed range last night and its initial public offering is set to raise a higher than expected $565.4m (£353.4m), an encouraging sign for other asset managers considering public offerings.Founded by former Drexel Burnham Lambert banker Leon Black in 1990, Apollo follows Blackstone and Kolhberg Kravis Roberts in the spate of private equity firms going public.The IPO could set the stage for others such as Carlyle Group, which may file papers to go public later this year.The offering totals 29.8m shares, more than originally expected. Apollo itself is selling 21.5m shares, about 19 per cent more than it had planned, while stockholders are selling 8.3m shares, as planned. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyBetterBe20 Stunning Female AthletesBetterBeNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today KCS-content Tags: NULLcenter_img Show Comments ▼ Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapplast_img read more