Apollo to make 2.8x its money with PlayAGS IPO


Leon Black, Apollo Global Management, PlayAGS, gambling, private equity, IPO
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
  • Apollo acquired American Gaming System in 2013
  • Apollo flagship VIII closed on $18.4 bin in 2013
  • Apollo is not selling shares in the PlayAGS IPO
PlayAGS is the latest company backed by Apollo Global Management to go public. With the IPO, the buyout shop founded by Leon Black stands to nearly triple its money. PlayAGS raised $164 million Jan. 25, when it sold 10.25 million ...

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