NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Apollo Strategic Growth Capital II today announced the pricing of its upsized initial public offering of 60,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange under the symbol “APGB.U” commencing on February 10, 2021. Each unit consists 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. Once the securities constituting the units begin separate trading, the Company expects 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. Apollo Global Securities, LLC, RBC Capital Markets, LLC, Siebert Williams Shank & Co, LLC and Academy Securities, Inc. are acting as co-bookrunners. The Company has granted the underwriters a 30-day option to purchase up to 9,000,000 additional units at the initial public offering price to cover over-allotments, if any.