Apollo could file IPO paperwork with the Securities and Exchange Commission by the fall and list shares by the end of the year. Insiders said the IPO could value ADT at well over $15 billion, making it one of the largest IPOs of 2017.
The private equity firm bought ADT for $6.9 billion in Feb. 2016. It had previously merged acquisitions Protection 1 and ASG Security to fund the ADT buyout.
There's no guarantee of a listing, but Apollo's decision to prepare ADT for a sale so soon after buying it suggests the investment could be lucrative.
Apollo stock was up over 1% in early afternoon trading.
More of What's Trending on TheStreet:
- Chipotle CEO Should Be Canned for Not Apologizing to Sickened Customers in Virginia, Analyst Says
- O.J. Simpson's 4 Biggest Business Achievements
- Best Buy's Geek Squad Is a Mess According to Customer Reviews, Opening the Door for Amazon's Entry
- Sears' Kenmore Products on Amazon Is Hurting Home Depot, Jim Cramer Explains
- Former Apple Exec: 'It's Sad to See Apple Slipping to the Position of Follower'
- 5 Celebrities That Have Lost Big in Real Estate Like Golden State Warriors Star Steph Curry