There was a lot of speculation and conflicting media reports about whether Apollo would go public. Well, its already publicly traded closed-end investment fund announced this morning that it will sell 13 million shares to the public. Citigroup, J.P. Morgan Securities, Bear Stearns and Wachovia Capital will act as underwriters. This is an interesting move. You could quibble with the timing. Private equity may not be an easy sell right now. But just maybe the fund is hoping to essentially let investors buy in low and give them an actual chance in the aftermarket. Just might breed some good will and save some Blackstone and Fortress-like embarrassment. Kohlberg Kravis Roberts also seems to be moving forward with an offering.    

For more on the Apollo fund:
- here's the release