Company: APO
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119946
Chunk: 124

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-14
Form: 424B3
Chunk 124
---
 Tax 
 Benefit           |      |
|:-------------------|:----|:------------------------------|-----:|:----|:------------------|-----:|
| FY25E DE Per Share |     | $                             | 0.63 |     | $                 | 0.72 |

Because no selected comparable company is exactly the same as Bridge, Lazard believed that it was inappropriate to, and therefore did not, rely solely on the quantitative results of the selected trading comparables analysis. Accordingly, Lazard also made qualitative judgments concerning differences between the business, financial and operating characteristics and prospects of Bridge and the selected comparable companies that could affect the public trading values of each in order to provide a context in which to consider the results of the quantitative analysis. These qualitative judgments related primarily to the differing sizes, sector overlaps, growth prospects, profitability levels and degree of operational risk between Bridge and the companies included in the selected company analysis, among others. Based upon these judgments and on Lazard’s professional judgment, Lazard selected a reference range of 9.5x – 12.0x P/DE multiples for FY25E. Lazard applied the selected reference range to forecasted FY25E DE reflected in the December Baseline Projections and included the SBC 75

Tax Benefit to calculate a range of values per share of Bridge Class A common stock. The following table summarizes the results of this calculation:

|            |     | Selected Multiple Range |              |     | Implied Price per Share of Bridge 
 Class A Common Stock              |              |
|:-----------|:----|:------------------------|:-------------|:----|:----------------------------------|:-------------|
| FY25E P/DE |     |                         | 9.5x – 12.0x |     | $                                 | 6.90 – $8.69 |

As reflected in the table above, the analyses resulted in a range of implied values per share of Bridge Class A common stock of $6.90 – $8.69, as compared to (i) the closing price per share of Bridge Class A common stock of $8.07 on February 20, 2025 and (ii) the implied merger consideration of $11.50 per share of Bridge Class A common stock. Sum-of-the-PartsMultiples Based Trading Comparables Analysis Lazard performed a multiples based analysis of Bridge on a sum-of-the-partsbasis. The sum-of-the-partsmultiples based analysis considered, as per the December Baseline