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Metals USA IPO a Win for Apollo

Posted Apr 9th 2010 1:40PM by Tom Taulli (RSS feed)
Filed under: Private Equity, Initial Public Offerings

Metals USA MUSA logoPrivate equity firm Apollo Management raised $239.4 million in an IPO for its portfolio company, Metals USA Holdings Corp. (MUSA). The offering came to $20 per share, which was at the top of the $18 to $20 range. In all, Apollo has realized a tidy 266% return on its investment (since 2005).

This was good news for Apollo, which just this week had to scrap its $2.4 billion deal for Cedar Fair (FUN).

Continue reading Metals USA IPO a Win for Apollo

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