NEW YORK, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Apollo Strategic Growth Capital today announced it intends to commence its initial public offering of 75,000,000 units at $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to 11,250,000 additional units.

Each unit issued in the initial public offering will consist of one Class A ordinary share of the Company and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. We expect the units will be listed on the New York Stock Exchange (the “NYSE”) under the symbol “APSG.U.” Once the securities constituting the units begin separate trading, we expect that the Class A ordinary shares and warrants will be listed on the NYSE under the symbols “APSG” and “APSG WS,” respectively.

The Company is sponsored by APSG Sponsor, L.P., an affiliate of Apollo Global Management, Inc. (NYSE: APO). The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.