In today’s briefing:
- APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out
APM Human Services IPO Lock-Up – US$400m of Shares Come Free but First PE Needs to Clear Out
- APM Human Services (APM AU) raised about US$730m by selling a mix of primary and secondary shares in Nov 21. The second IPO linked lockup is set to expire next week.
- APM is an international human services provider, it runs 800 sites spanning 10 countries with its largest market being Australia.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
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