Athene Holding Priced, NYSE: ATH

Apollo-backed provider of fixed annuities with $87 billion in assets.

Industry: Financials

Latest Trade: $53.95 -0.46 (-0.8%)

First Day Return: +10.1%

Return from IPO: +36.0%

Industry: Financials

We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We generate attractive financial results for our policyholders and shareholders by combining our two core competencies of sourcing long-term, generally illiquid liabilities and investing in a high quality investment portfolio, which takes advantage of the illiquid nature of our liabilities. Our steady and significant base of earnings generates capital that we opportunistically invest across our business to source attractively-priced liabilities and capitalize on opportunities. Our relationship with Apollo and AAM also provides us with access to Apollo’s investment professionals across the world as well as Apollo’s global asset management infrastructure that, as of September 30, 2016, supported more than $188 billion of assets under management across a broad array of asset classes. We are led by a highly skilled management team with extensive industry experience. We are based in Bermuda with our U.S. subsidiaries’ headquarters located in Iowa.
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IPO News for Athene Holding
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IPO Data
IPO File Date 05/09/2016
Offer Price $40.00
Price Range $38.00 - $42.00
Offer Shares (mm) 27.0
Deal Size ($mm) $1,080
IPO Data
IPO Date 12/08/2016
Offer Price $40.00
Price Range $38.00 - $42.00
Offer Shares (mm) 27.0
Deal Size ($mm) $1,080
Underwriters
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Company Data
Headquarters Pembroke, Bermuda
Founded 2009
Employees 1,360
Website www.athene.com