Your email has been successfully added to our mailing list.

×
0 0 7.85792865000071E-05 7.85792865000071E-05 7.85792865000071E-05 0.00196448216250196 0 0.00196448216250196
Stock impact report

General Catalyst Rewrites The VC Playbook As Software Buyouts Collapse [Forbes]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Forbes
fetched in its Series G ; it is the state of an entire asset class. CEO Hemant Taneja argues that software buyouts structured around terminal value, rather than cash flow, are now delivering negative returns even when the underlying business performs. The firm is betting $43 billion in AUM that the next era of private markets looks nothing like the last. The quarterly review, signed by Taneja, and published April 21, lands at a moment of maximum stress for growth-stage software investors. Public software multiples have compressed to roughly 12.7x EBITDA , compared to the 25x entry multiples that characterized 2019–2021 buyouts, destroying equity value even in businesses that grew EBITDA by 50%. Taneja runs the math explicitly: a hypothetical deal entering at 25x EBITDA, with the business performing, still returns 0.68x MOIC and a negative 7% IRR when multiples revert to current levels. The business succeeded but the investment model failed. The GC portfolio is not protected from t Show less Read more
Impact Snapshot
Event Time:
APO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
APO alerts

from News Quantified
Opt-in for
APO alerts

from News Quantified