The company filed the relevant forms on 21st December, and although the initial expense is estimated at $100 million it has been stated that this is purely an estimate and may change in later variations.  It is reported by Bloomberg and WSJ that Apollo Global will retain control of the company, indicating that it will retain at least 50% of the shareholding.

According to the filed details, Apollo combined ADT with its other home-security company acquisition, Protection 1, and during the first 9 months of 2017, the new entity produced a net loss of $295.6 million against a revenue of $3.21 billion.

ADT provides home-security monitoring in the US and Canada where it has around 7.2 million residential and business customers, according reports from Bloomberg, who also say that more than 90 percent of its revenue comes from repeat payments from customers with whom it has contracts

The stocks will be listed on the New York Stock Exchange under the ticker name of ADT.