COMPANIES Apollo Management, the big private equity firm headed by former Drexel Burnham Lambert executive Leon Black, is planning to list on the New York Stock Exchange in the coming weeks, according to people familiar with the matter.
Apollo, which has $38.3bn in assets under management, would be the second buy-out firm to list in New York, after Blackstone. Since its public offer in 2007, Blackstone shares have lost about half their value, giving it a market value of about $17bn.
