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Apollo Strategic Growth Capital II, a blank check company formed by Apollo targeting growth-oriented businesses, raised $600 million by offering 60 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company originally filed to raise $400 million by offering units with quarter-warrants, before upping the...read more

Apollo Strategic Growth Capital II, the second blank check company formed by Apollo targeting growth-oriented businesses, raised the proposed deal size for its upcoming IPO on Thursday. The New York, NY-based company now plans to raise $500 million by offering 50 million units at a price of $10. The company had previously filed to offer 40 million units at the same...read more

In a staggering start to 2021, two biotechs and 28 SPACs raised over $7.1 billion in the first week of the new year. Activity should remain high as new filings continued to flood the IPO pipeline.   Chinese cancer biotech Gracell Biotechnologies (GRCL) priced above the range to raise $209 million at a $1.3 billion market cap. Gracell is developing CAR-T...read more

Apollo Strategic Growth Capital II, the second blank check company formed by Apollo targeting growth-oriented businesses, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering. The New York-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-fourth of a...read more