Apollo's Stock Slumps 0.29 as 490M Volume Drops to 218th Market Rank Post-Bridge Merger

On September 2, 2025, Apollo Global Management (APO) closed with a 0.29% decline, trading at $134.56. The stock recorded a trading volume of $0.49 billion, a 27.77% drop from the previous day, ranking 218th in the market. The move followed the completion of its all-stock acquisition of Bridge Investment Group, a leading real estate-focused alternative asset manager.

The deal, valued at $11.50 per Bridge share, involves Apollo issuing 0.07081 shares of its stock for each Bridge share. Bridge will retain its brand, management, and investment teams while operating as a platform company within Apollo’s asset management division. David Sambur, Apollo’s partner, highlighted the acquisition’s role in expanding the firm’s real estate equity capabilities and enhancing access to secular growth markets. Bridge’s leadership emphasized the strategic benefits of leveraging Apollo’s resources to diversify investment verticals and strengthen capital formation.

Under the transaction, Bridge’s common stock was delisted from the New York Stock Exchange. The deal was supported by a coalition of financial advisors, including BofA Securities, Citi, Goldman Sachs, and J.P. Morgan. Legal counsel was provided by firms such as Paul, Weiss, and Latham & Watkins. The integration strategy appears focused on preserving Bridge’s operational independence while combining Apollo’s scale with Bridge’s specialized expertise in real estate verticals.

As of June 30, 2025, Apollo managed $840 billion in assets, with Bridge contributing $50 billion in real estate-related assets. The acquisition is expected to create a full-service platform capable of deploying capital across market cycles. Apollo’s approach prioritizes maintaining Bridge’s dedicated teams and operating infrastructure, reflecting a hands-off integration model designed to minimize disruption while accelerating growth in high-potential sectors.

Backtested results indicate the transaction’s structure aligns with Apollo’s long-term strategy of consolidating specialized capabilities within its asset management business. The valuation framework and share exchange ratio were consistent with pre-announced terms, confirming no material deviations during execution.