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Apollo-backed insurer Athene Holding files for an estimated $1.0 billion IPO

May 9, 2016
ATH

Athene Holding, an Apollo-backed provider of life insurance and fixed annuities with over $80 billion in assets, filed on Monday with the SEC to raise up to $1.0 billion in an initial public offering (deal size is an RC estimate).

The Pembroke, Bermuda-based company was founded in 2008 and booked $2.6 billion in sales for the 12 months ended December 31, 2015. It plans to list on the NYSE under the symbol ATH. on the deal. No pricing terms were disclosed. Underwriters have not been chosen.