Apollo listing raises $565m

The transaction values Apollo at approximately $6.9bn. The private equity firm's intended public offering was postponed last week due to market volatility following the earthquake in Japan. Apollo priced the offering at $19 per share, and increased the number of shares in the offer from 26.3 million to 29.7 million.

Apollo looked at a public listing in 2008; however, the plans were scrapped due to the financial crisis. The public offering means that Apollo's shares will be traded on the New York Stock Exchange alongside other private equity firms such as Blackstone Group and KKR.

Goldman Sachs, JPMorgan, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank and UBS were lead bookrunners in the public offering.

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