Home security firm ADT plans to raise $2 billion in its IPO and begin trading on Friday, January 19 (NYSE: ADT). That's a quick turnaround for private equity backer Apollo Global Management (NYSE: APO), which acquired ADT in early 2016.
Apollo has a relatively good track record with recent IPOs. It was the lead investor on three offerings over the past two years, each of which now trade 28-42% above the offer price. These include met coal producer Warrior Met Coal (HCC) and IT solutions firm Presidio (PSDO) in 2017, as well as insurer Athene Holding (ATH) in 2016.
This info can be found on the IPO Pro Private Equity Screen.
