Presidio Holdings Inc. filed for an initial public offering Tuesday, bringing the information-technology services firm nearer to a public debut during the slowest IPO market since the financial crisis.

As is typical in an initial IPO filing, the company didn't set a per-share offering price, but people familiar with the matter expect the IPO to value it at as much as $3 billion total, including debt.

Presidio, owned by private-equity firm Apollo Global Management LLC, provides technology consulting, purchasing and support services to businesses. Apollo bought the company from American Securities LLC, another private-equity firm, in February 2015 and has since helped it grow through acquisitions.

Following the IPO, Investment funds affiliated with or managed by Apollo will continue to own a majority of the voting power the company's stock, according to a filing.

So far this year, 104 companies have gone public in the U.S. raising $22 billion, the lowest dollar volume in any comparable period since 2003, according to Dealogic.

Write to Anne Steele at Anne.Steele@wsj.com and Matt Jarzemsky at matthew.jarzemsky@wsj.com

(END) Dow Jones Newswires

November 22, 2016 12:05 ET (17:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Apollo Global Management (NYSE:APO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Apollo Global Management Charts.
Apollo Global Management (NYSE:APO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Apollo Global Management Charts.