Private Equity

Apollo-backed Athene could raise $1bn for shareholders in IPO

Initial public offering could value the fixed-annuities provider, which is backed by private equity firm Apollo, at about $8 billion

Apollo-backed Athene could raise $1bn for shareholders in IPO

Athene Holding submitted an amended filing for its coming initial public offering that could value the fixed-annuities provider at about $8 billion.

Athene on Monday began the so-called roadshow to market the IPO to investors, according to a person familiar with the matter. The shares are expected to begin trading next week.

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