Apollo Strategic Growth Capital II Raises Planned IPO to $500M

Apollo Strategic Growth Capital II

Apollo Strategic Growth Capital II today amended its IPO prospectus to increase the deal size by 25 percent to $500 million. The SPAC last month registered for an offering of 40 million units at $10 each.

Led by CEO and director Sanjay Patel, Apollo will target growth-oriented companies.

Apollo Global Management’s previous SPACs include Apollo I, which raised $750 million in an IPO last fall, and Spartan I, which completed a merger with electric car maker Fisker Technologies.

The SPAC plans a listing on the NYSE under APGB.U. Read more.

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