Apollo Management sells 71M ADT shares at $8.31 per share on July 28, 2025.

ADT Inc. (ADT) has announced that Apollo Management Holdings GP, LLC, a 10% owner of the company, has sold 71 million shares at a price of $8.31 per share on July 28, 2025.

ADT Inc. (NYSE: ADT) has announced that Apollo Management Holdings GP, LLC, a significant 10% owner of the company, has sold 71 million shares of ADT common stock in a secondary public offering. The transaction, which closed on July 28, 2025, saw the shares sold at a price of $8.31 per share [1].

The offering, managed by underwriters including Barclays, Citigroup, Morgan Stanley, Goldman Sachs, and BTIG, allowed Apollo to reduce its stake in ADT. Concurrently, ADT repurchased approximately 11 million shares directly from the underwriters at the same price, utilizing the remaining capacity of its existing $500 million share repurchase program [1].

The secondary public offering, which did not generate proceeds for ADT as it was not selling any shares, may impact the company's ownership structure and stock liquidity. Investors are likely to interpret Apollo's decision to reduce its stake alongside ADT's share repurchase program, which typically signals management's confidence in the company's valuation [1].

The market's reaction to the offering was immediate, with ADT stock falling by 3% following the announcement [2]. This decline reflects the typical market reaction to large secondary offerings, which often put downward pressure on stock prices.

References:
[1] https://www.stocktitan.net/news/ADT/adt-announces-pricing-of-secondary-public-offering-of-common-stock-6uw495muesrf.html
[2] https://www.investing.com/news/stock-market-news/adt-stock-falls-after-apollo-global-management-plans-share-sale-93CH-4153383