but it’s taking its time according to the Financial Times…:
Apollo Management, the US private equity group run by Leon Black, is looking closely at an initial public offering – but appears unlikely to move rapidly towards a filing with US regulators.
According to people familiar with the matter, Apollo has gone as far as working with Goldman Sachs and JPMorgan to potentially arrange a syndicate of banks to underwrite the deal.
However, insiders at the private equity firm, one of the most closely guarded in US finance, indicated that while Apollo was not ruling out a stock market listing, it had decided against one for the time being.
Apollo works with banks to examine IPO – Financial Times
Tags: Apollo, IPO, Leon Black
