For billionaire private equity tycoons, the big question is: should I go public?
It's a decision that needs to be made fairly quickly. With Blackstone expected to suck up $4 billion or more from its own offering, there is certainly not unlimited funds -- despite the go-go environment for private equity.
So, in a report in the AP, the leader of Apollo Management, Leon Black, is giving lots of thoughts to public markets.
But, since he's a uber dealmaker, he's not showing his cards. He basically says that there are good things and bad things about going public (yes, Black is kind of like an American politician).
However, Black realizes that markets don't go up forever and he has a juicy opportunity to get some liquidity for his work. So, if I were to place a bet, I have a good feeling he wants to take his company public -- and soon.
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
Apollo: Life in private or public?
Recent Posts
- Microsoft pays $486 million for Greenfield Online (8/29/2008)
- Solar companies feel warmth from VCs (8/28/2008)
- The Active Network raises $80M from ESPN (8/27/2008)
- Investors, analysts see likely counterbid for Axon (8/26/2008)
- Infosys to pay $750 million for UK rival Axon Group (8/26/2008)
BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.
