CEC Entertainment Inc. (Chuck E. Cheese) is planning to raise funds through initial public offering (IPO). Apollo Global Management, LLC (NYSE:APO) has begun preparations for an IPO that could value the company at more than $1 billion, including debt, people familiar with the situation said on January 17, 2017. Apollo has initiated conversations with banks about an IPO that could come in the second half of 2017, though it has not yet hired underwriters, the people said.

An outright sale of the company is also possible were Apollo to receive an attractive enough offer, the people added.