Renaissance Capital logo

Allego (Spartan Acquisition III) Priced, NYSE: ALLG

Third blank check company formed by Apollo Global targeting the energy transition space (completed 3/17/2022).

Industry: SPAC

Latest Trade: $1.84 +0.51 (+38.3%)

First Day Return: +7.7%

Return from IPO: -86.7%

Industry: SPAC

We are a newly organized blank check company. Our sponsor is an affiliate of a private investment fund managed by Apollo. Although we may pursue an acquisition opportunity in any business or industry, we intend to capitalize on the Apollo platform to identify, acquire and operate a business in the energy value chain that may provide opportunities for attractive risk-adjusted returns, with a particular focus on opportunities aligned with energy transition and sustainability themes. Specifically, we intend to focus on opportunities across the renewable energy, energy storage, mobility, advanced fuels and carbon mitigation sectors, as well as other adjacent services, industrials, and technologies, while remaining opportunistic across the energy value chain, including select opportunities within the traditional power generation and energy production verticals. We believe this area of focus represents a favorable and highly fragmented market opportunity to consummate a business combination. We intend to identify and acquire a business that could benefit from a hands-on owner with extensive transactional, financial, managerial and investment experience in the energy value chain that presents potential for an attractive risk-adjusted return profile under our stewardship. Apollo has extensive experience in identifying and executing acquisitions across the entire energy value chain and a long-standing commitment to fostering environmental, social and governance (“ESG”) performance in its portfolio.
more less
IPO Data
IPO File Date 01/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 48.0
Deal Size ($mm) $480
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 48.0
Deal Size ($mm) $480
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Credit Suisse
Citi
more
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees 2
Website www.apollo.com

Allego (Spartan Acquisition III) (ALLG) Performance