Apollo Strategic Growth Capital II (APGB.U) Prices Upsized $600M IPO


Apollo Strategic Growth Capital II (APGB.U) Prices Upsized $600M IPO

Apollo Strategic Growth Capital II announced the pricing of its $600 million IPO this morning and its units are expected to begin trading on the NYSE under the symbol “APGB.U” Wednesday, February 10.

The new company aims to combine with a leading company that has exhibited positive top-line growth that is not reliant on leverage. Apollo II is led by CEO Sanjay Patel, Executive Chairman Scott Kleinman and CFO and Chief Accounting Officer James Crossen.

Total SPAC deal count for 2021 year-to-date is now 133 with $40.1 billion in gross proceeds raised. This offering is expected to close on Friday, February 12.

Deutsche Bank Securities Inc. is acting as a joint bookrunner and representative of the underwriters and Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are acting as joint bookrunners. Apollo Global Securities, LLC, RBC Capital Markets, LLC, Siebert Williams Shank & Co, LLC and Academy Securities, Inc. are acting as co-bookrunners. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.