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Apollo's blank check company Spartan Energy Acquisition prices upsized IPO at $10

August 9, 2018
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Spartan Energy Acquisition, a blank check company led by Apollo executives focused on acquiring an energy business, raised $480 million by offering 48 million units at $10. The company originally filed to raise $400 million by offering 40 million units. Spartan Energy Acquisition plans to list on the NYSE under the symbol SPAQ.U. Citi and Credit Suisse acted as lead managers on the deal.