Apollo-backed SPAC looks to raise $250 million in U.S. IPO

(Reuters) – A blank-check company backed by private equity firm Apollo Global Management Inc is looking to raise $250 million in a U.S. initial public offering, the company said on Monday. Spartan Acquisition Corp. II is aiming to sell 25 million units at $10 apiece, it said in a statement, adding it plans to use the proceeds to invest in a business focused on energy transition and sustainability.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.