Overview of the Share Offering#
ADT Inc., a security solutions provider, has announced that Apollo Global Management will sell 102,000,366 shares of its common stock in a secondary public offering. This sale represents Apollo's complete exit from its investment in ADT.
ADT's Role in the Offering#
ADT will not be selling any shares or receiving any proceeds from this offering. However, the company plans to buy back up to 29,142,961 shares from the underwriters as part of its existing $1.5 billion share repurchase plan. Share repurchase means that a company buys back its own shares from the market, which can help increase the value of remaining shares by reducing the total number available.
Underwriting and Sale Methods#
Barclays and Citigroup are acting as the book-running managers for this offering, meaning they are responsible for managing the sale process. The shares may be sold through various methods, including transactions on the New York Stock Exchange or through brokers at negotiated prices. Notably, the underwriters will not receive fees for the shares repurchased by ADT.
ADT's Recent Financial Performance#
In recent news, ADT reported strong financial results for the first quarter of 2026, surpassing both earnings and revenue forecasts. The company's earnings per share (EPS) came in at $0.23, exceeding the expected $0.21. Additionally, ADT's revenue reached $1.3 billion, surpassing projections of $1.26 billion. This positive performance reflects the effectiveness of ADT's current operations and strategy, boosting investor confidence in the company's future prospects.