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Apollo Global Management, LLC Files Registration Statement for Proposed Public Offering of Class A Shares

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Apollo Global Management, LLC Files Registration Statement for Proposed Public Offering of Class A Shares Powered By Docstoc
					Apollo Global Management, LLC Files
Registration Statement for Proposed Public
Offering of Class A Shares
March 22, 2010 05:26 PM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--Apollo Global Management, LLC (together with its subsidiaries,
“Apollo”) announced today it has amended its registration statement on Form S-1/A with the U.S. Securities and
Exchange Commission to include a preliminary prospectus relating to a proposed underwritten initial public offering
of its Class A shares.

Apollo intends to apply to list its Class A shares on the New York Stock Exchange. The offering will be made by
both Apollo and certain selling shareholders. None of Apollo’s management, employees, affiliates, or Strategic
Investors will be selling shares in this offering. Apollo expects to offer approximately $50 million of Class A shares,
as the main purposes of the offering are to: (i) provide an opportunity for any existing institutional shareholders who
are interested to sell shares in a marketed offering; (ii) facilitate active trading concurrent with the public registration
of its shares; and (iii) broaden its current base of unaffiliated shareholders. Apollo intends to use the net proceeds it
receives from this offering of Class A shares for general corporate purposes, and to fund growth initiatives. Apollo
will not receive any proceeds from the sale of Class A shares by any selling shareholders.

The offering of Class A shares will be made only by means of a prospectus. When available, a copy of the
preliminary prospectus relating to this offering may be obtained from: Apollo Global Management, LLC, 9 West
57th Street, 43rd Floor, New York, New York 10019, or from such underwriters as Apollo will engage in the
future.

The registration statement was filed originally to comply with agreements Apollo entered into in connection with a
private offering of shares to investors in August 2007. In addition to the preliminary prospectus for the proposed
underwritten public offering, the amended registration statement also includes a preliminary “shelf” prospectus that
may be used by investors in the 2007 private offering to resell Class A shares from time to time on a registered basis.
Apollo will not receive any proceeds from the sale of the Class A shares covered by this separate prospectus.

The registration statement relating to these securities has been filed with the U.S. Securities and Exchange
Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales
of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction.

About Apollo

Apollo is a leading global alternative asset manager with offices in New York, Los Angeles, London, Frankfurt,
Luxembourg, Hong Kong, Singapore, and Mumbai. Apollo had assets under management of over $53 billion, as of
December 31, 2009, in private equity, credit-oriented capital markets and real estate invested across a core group
of industries where Apollo has considerable knowledge and resources.

Contacts
Investor Relations:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Director of Investor Relations
or
Media Relations:
Rubenstein Associates, Inc., for Apollo Global Management, LLC
Charles V. Zehren, 212-849-8590

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Description: NEW YORK--(EON: Enhanced Online News)--Apollo Global Management, LLC (together with its subsidiaries, “Apollo”) announced today it has amended its registration statement on Form S-1/A with the U.S. Securities and Exchange Commission to include a preliminary prospectus relating to a proposed underwritten initial public offering of its Class A shares. Apollo intends to apply to list its Class A shares on the New York Stock Exchange. The offering will be made by both Apollo and certain selling shar a style='font-size: 10px; color: maroo
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