Private equity firm Apollo Global Management on Tuesday priced its long-expected initial public offering at $19 per share, at the high end of the expected range, according to people familiar with the matter.
The shares were seen pricing in a range of $17 to $19.
The IPO raised $565.4 million. The company sold 29.76 million shares, against the 26.3 million that was expected.
The pricing puts Apollo's valuation at more than $7 billion.
The company first filed registration documents with the Securities and Exchange Commission in 2008 only to see plans for an initial public offering delayed due to the recession.