Apollo Considers Going Public on NYSE

Apollo Management, the buyout firm that created Pacer International, Quality Distribution and CEVA Logistics, may soon go public, according to a report in the Financial Times newspaper, Bloomberg reported.

Apollo, which also has been active in the transportation sector in international markets, is considering an initial public offering on the New York Stock Exchange as early as this month, Bloomberg said.

Representatives of Apollo Management did not return calls from Transport Topics.

Apollo, New York, already had filed Form S-1 with the Securities Exchange Commission in 2007. The S-1 form, which includes an earnings statement and a list of assets, must be filed in advance of an IPO.

According to Apollo’s S-1 registration, it lost $570 million in 2007 and had about $1.1 billion in debt and $763 million cash on hand. Shareholders’ equity and partners’ capital was about $96 million at that time.