Apollo co-founder Josh Harris says SPAC trend is ‘here to stay’

Harris said that there is a desire for a quicker process to go public than traditional IPOs and an opportunity for established investment firms like Apollo to make a company more valuable by partnering with them.

Earlier in September, Apollo filed for an IPO for its new SPAC, Apollo Strategic Growth Capital. An amended filing last week showed that the offering was looking to raise more than $860 million.

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