The timeshare company has already filed confidentially with the SEC for the IPO. Trading could begin in June or JUly.
Sources indicate that Apollo is seeking a valuation of close to $4B for Diamond Resorts.
The timeshare sector is quickly becoming more populated, with Hilton Grand Vacations (NYSE:HGV), ILG (NASDAQ:ILG), Bluegreen Vacations (NYSE:VAC) and Marriott Vacations Worldwide (VAC) all in the mix. There's been some rumblings that consolidation could be on table.
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