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Apollo Global's SPAC Apollo Strategic Growth Capital II raises deal size by 25% ahead of $500 million IPO

Feb 04, 2021 - Nasdaq
Mergers and Acquisitions

Apollo Strategic Growth Capital II, the second blank check company formed by Apollo targeting growth-oriented businesses, raised the proposed deal size for its upcoming IPO on Thursday.

The New York, NY-based company now plans to raise $500 million by offering 50 million units at a price of $10. The company had previously filed to offer 40 million units at the same price. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. At the revised deal...