(Reuters) - Apollo, founded by former investment banker Leon Black, may take this route to bypass the scrutiny of being a public company.
As it would in an initial public offering, Apollo will be able to raise permanent capital with its Goldman Sachs exchange listing, and give its founders a way to cash out, the report said. But it will not exactly go public, as rival private equity firm Blackstone Group LP and hedge fund Fortress Investment Group LLC have done through listings on the New York Stock Exchange in recent months.
Read more at Reuters.com Business News
As it would in an initial public offering, Apollo will be able to raise permanent capital with its Goldman Sachs exchange listing, and give its founders a way to cash out, the report said. But it will not exactly go public, as rival private equity firm Blackstone Group LP and hedge fund Fortress Investment Group LLC have done through listings on the New York Stock Exchange in recent months.
Read more at Reuters.com Business News
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