According to Reuters, Apollo Global Management is preparing to take ADT public at a more than $15 billion valuation, stating the listing could be the largest private equity-backed initial public offering since Hilton Worldwide Holdings went public with a $19.7 billion valuation in 2013.
Apollo purchased ADT, ranked No. 1 on the SDM 100 and No. 3 on SDM’s Top Systems Integrators Report, in 2016 and merged the company with Protection 1. ADT had an estimated 8 million subscribers and $358 million in RMR at the end of 2016.