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.
