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Apollo Global's SPAC, Apollo Strategic Growth Capital II prices upsized $600 million IPO

Feb 10, 2021 - Nasdaq
Mergers and Acquisitions

Apollo Strategic Growth Capital II, a blank check company formed by Apollo targeting growth-oriented businesses, raised $600 million by offering 60 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company originally filed to raise $400 million by offering units with quarter-warrants, before upping the deal size to $500 million last week.

The company is led by Executive Chairman Scott Kleinman, the Co-President of A...