Backed by Apollo Global Management, ADT, No. 1 on the SDM 100 and SDM’s 2017 Dealer of the Year, filed for an initial public offering on Dec. 21, 2017.
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.
