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In a statement, Apollo said neither its employees nor its strategic investors planned to sell stock through the offering.
The firm had $53.6bn in assets under management at the end of 2009. Of that total, the firm�??s private-equity business oversaw $34bn.
Apollo had sold 35.6m shares to private investors in 2007 through GSTrUE, a platform run by Goldman Sachs. The stock currently trades at $8 per share.