[after all these Funds of Funds IPOed, then the coming bear market will be the Mother of All bears<g>]
investmentnews.com
Apollo said to weigh IPO prospects
By Dina Hampton
April 4, 2007
Apollo Management LP is the latest odds-on favorite to become the next private equity fund to launch an initial public offering, according to published reports.
The New York firm, run by Leon Black, has received advice on the plan from banks JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to unnamed sources, reports say.
But those rumors, sparked by a report on CNBC last night and picked up by news outlets this morning, are untrue, according to an article on The New York Times' website this afternoon.
None of the reports cited specific sources.
Two weeks ago, Blackstone Group announced its intention to go public.
Fortress, the first hedge fund and private equity firm to go public on a U.S. exchange, saw its stock rise 68%, increasing its offering price from $18.50 to $35 when its IPO debuted on Feb. 9.
Hedge funds Avenue Capital of New York, Perry Capital of New York and Citadel Investment Group in Chicago, have also been the focus of rumors regarding possible IPOs. |
