Apollo Global to make nearly 3x with IPO of ADT


Leon Black, Apollo Global Management, private equity
Leon Black, Chairman and CEO Apollo Global Management, LLC, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian (UNITED STATES - Tags: BUSINESS) - GM1EA4U09MM01
  • ADT IPO expected to price Jan. 18: source
  • Apollo bought Protection One/ASG in 2015 for $2 bln
  • Apollo bought ADT for $7 bln in 2016
Apollo Global Management stands to nearly triple its money with the initial public offering of ADT Inc. ADT is expected to price its IPO on Jan. 18 and trade Jan. 19, a source said. Last week, the company set terms ...

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