NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Apollo Strategic Growth Capital II today announced it intends to commence its initial public offering of 50,000,000 units at $10.00 per unit. The Company intends to grant the underwriters a 30-day option to purchase up to 7,500,000 additional units.

Each unit issued in the initial public offering will consist of one Class A ordinary share of the Company and one-fifth 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 “APGB.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 “APGB” and “APGB WS,” respectively.

The Company is sponsored by APSG Sponsor II, 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.

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 of the offering. Apollo Global Securities LLC, RBC Capital Markets, LLC, Siebert Williams Shank & Co, LLC and Academy Securities, Inc. are acting as co-bookrunners.