Apollo Strategic Growth Capital does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as APH III (Sub I), Ltd. and changed its name to Apollo Strategic Growth Capital in August 2020. Apollo Strategic Growth Capital was incorporated in 2008 and is based in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: apollostrategicgrowthcapital.com
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GBT JerseyCo Limited ("American Express Global Business Travel", "Amex GBT" or the "Company") today announced financial results for the quarter ended March 31, 2022. Q1 2022 Highlights Revenue and Earnings Trending Above Full Year Forecast First quarter 2022 revenue increased 179% to $350 million, net loss totaled ($91) million and Adjusted EBITDA1 was ($28) million. Transaction recovery versus pro forma2 2019 was 46% and revenue recovery versus pro forma2 2019 was 50%. Adjusted EBITDA1 fall-through3 on incremental revenue recovery in line with expectations needed to deliver 2023 forecast. Raised full year 2022 revenue guidance by $150 million to $1.75 billion and Adjusted EBITDA
Business Travel Recovery Well Underway and Gaining Momentum 2021 Highlights Financial Results Well Above Forecast Full year 2021 revenue, net loss and Adjusted EBITDA, which include 2 months of Egencia ownership, totaled $763 million, ($474) million and ($340) million, respectively.1 Full year 2021 revenue, net loss and Adjusted EBITDA, pro forma for 12 months of Egencia ownership, totaled $889 million, ($700) million and ($520) million, respectively. Pro forma revenue and Adjusted EBITDA exceeded the forecast provided in Apollo Strategic Growth Capital's Registration Statement2 by $61 million and $37 million, respectively. Corporate Travel Recovery Accelerating Transaction recove
Company to Announce Fourth Quarter and Full Year 2021 Results on March 7, 2022 Investor Day to be Hosted on April 12, 2022 at the New York Stock Exchange American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced dates for its upcoming quarterly release and Investor Day. Earnings Release and Call Amex GBT will issue its fourth quarter and full year 2021 earnings release before market open on Monday, March 7, 2022. The Company plans to post a pre-recorded earnings conference call webcast to its website at 9:00 am ET. The webcast will be accessible by visiting the Investor Relations section of Amex GBT's website at www.i
American Express Global Business Travel delivers unrivaled value, choice and experiences through its leading B2B travel platform American Express Global Business Travel and Apollo Strategic Growth Capital to combine at pro forma market capitalization of $5.3 billion Transaction to provide up to $1.2 billion of gross proceeds, including an upsized and oversubscribed fully committed $335 million PIPE investment at $10.00 per common share with key investors including Apollo, Ares, HG Vora, Sabre and Zoom Listing on New York Stock Exchange anticipated to accelerate growth strategy and provide additional investment capacity New shareholders to join existing investors American Expres
The Company's common stock will trade on the NYSE under ticker symbol "GBTG" beginning on May 31, 2022 Listing highlights momentum of business travel recovery and Company's industry leadership position American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced that it will begin trading as a public company on the New York Stock Exchange ("NYSE") under ticker symbol "GBTG" on May 31, 2022. Paul Abbott, Amex GBT's Chief Executive Officer, said: "Today marks a significant milestone in the business travel industry recovery and for Amex GBT. With strategic initiatives over the last few years, including complementary accretiv
GBT JerseyCo Limited ("American Express Global Business Travel", "Amex GBT" or the "Company") today announced financial results for the quarter ended March 31, 2022. Q1 2022 Highlights Revenue and Earnings Trending Above Full Year Forecast First quarter 2022 revenue increased 179% to $350 million, net loss totaled ($91) million and Adjusted EBITDA1 was ($28) million. Transaction recovery versus pro forma2 2019 was 46% and revenue recovery versus pro forma2 2019 was 50%. Adjusted EBITDA1 fall-through3 on incremental revenue recovery in line with expectations needed to deliver 2023 forecast. Raised full year 2022 revenue guidance by $150 million to $1.75 billion and Adjusted EBITDA
NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) -- Apollo Strategic Growth Capital, a special purpose acquisition company (the "Company" or "APSG") (NYSE:APSG), announced today that the U.S. Securities and Exchange Commission (the "SEC"), has declared effective its Registration Statement on Form S-4 (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus (the "Proxy Statement") in connection with its previously announced proposed business combination (the "Business Combination") with American Express Global Business Travel ("Amex GBT"). APSG also announced that it has set May 25, 2022 as the date for its extraordinary general meeting (the "Special Meeting
American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced it will issue its first quarter 2022 earnings release before market open on Tuesday, May 17, 2022. The Company plans to post earnings materials, including a pre-recorded earnings webcast to its website at 8:00 am ET. The webcast will be accessible by visiting the Investor Relations section of Amex GBT's website at www.investors.amexglobalbusinesstravel.com. In December, Amex GBT entered into a business combination agreement with Apollo Strategic Growth Capital (NYSE:APSG) in a transaction that would result in Amex GBT being listed on the NYSE. The transaction is
Hybrid Investor Day to be Hosted on April 12, 2022 from the New York Stock Exchange American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today issued a reminder that the Company will host a hybrid Investor Day on Tuesday, April 12, 2022, beginning at 8:45 am ET. Members of the Amex GBT management team will discuss the Company's performance, strategy and outlook. The event will be held at the New York Stock Exchange. Additionally, a live webcast of the Investor Day presentations, along with supporting materials will be available on the day of the event on Amex GBT's website at investors.amexglobalbusinesstravel.com. A replay of th
Business Travel Recovery Well Underway and Gaining Momentum 2021 Highlights Financial Results Well Above Forecast Full year 2021 revenue, net loss and Adjusted EBITDA, which include 2 months of Egencia ownership, totaled $763 million, ($474) million and ($340) million, respectively.1 Full year 2021 revenue, net loss and Adjusted EBITDA, pro forma for 12 months of Egencia ownership, totaled $889 million, ($700) million and ($520) million, respectively. Pro forma revenue and Adjusted EBITDA exceeded the forecast provided in Apollo Strategic Growth Capital's Registration Statement2 by $61 million and $37 million, respectively. Corporate Travel Recovery Accelerating Transaction recove
American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced that the Company will be virtually attending the following upcoming conferences. Wolfe Research's FinTech Forum Date: Tuesday, March 8, 2022 1x1 Meetings Only Morgan Stanley's Tech, Media & Telecom Conference Date: Thursday, March 10, 2022 1x1 Meetings Only Deutsche Bank's Media, Internet and Telecom Conference Date: Monday, March 14, 2022 Presentation Time: 10:20 AM ET / 7:20 AM PT Location: San Francisco, CA A live webcast of the Deutsche Bank event will be made available on the Amex GBT investor relations website at https://investors.amexglobalbusinesstravel
Company to Announce Fourth Quarter and Full Year 2021 Results on March 7, 2022 Investor Day to be Hosted on April 12, 2022 at the New York Stock Exchange American Express Global Business Travel ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced dates for its upcoming quarterly release and Investor Day. Earnings Release and Call Amex GBT will issue its fourth quarter and full year 2021 earnings release before market open on Monday, March 7, 2022. The Company plans to post a pre-recorded earnings conference call webcast to its website at 9:00 am ET. The webcast will be accessible by visiting the Investor Relations section of Amex GBT's website at www.i
American Express Global Business Travel delivers unrivaled value, choice and experiences through its leading B2B travel platform American Express Global Business Travel and Apollo Strategic Growth Capital to combine at pro forma market capitalization of $5.3 billion Transaction to provide up to $1.2 billion of gross proceeds, including an upsized and oversubscribed fully committed $335 million PIPE investment at $10.00 per common share with key investors including Apollo, Ares, HG Vora, Sabre and Zoom Listing on New York Stock Exchange anticipated to accelerate growth strategy and provide additional investment capacity New shareholders to join existing investors American Expres
NEW YORK, May 28, 2021 (GLOBE NEWSWIRE) -- Apollo Strategic Growth Capital (the "Company") (NYSE:APSG) announced today that it received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the "Q1 2021 Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC"). The NYSE informed the Company that, under NYSE rules, the Company will have six months from May 25, 2021 to file the Q1 2021 Form 10-Q with the SEC. The Company can regain compliance with the NYSE listi
Gainers CynergisTek, Inc. (NYSE:CTEK) shares surged 100% to close at $1.18 on Tuesday after the company entered into a definitive agreement to be acquired by Clearwater Compliance for roughly $17.7 million. Better Therapeutics, Inc. (NASDAQ:BTTX) jumped 69.8% to settle at $2.19 after dropping 12% on Monday. Better Therapeutics recently posted a Q1 loss of $0.41 per share. America's Car-Mart, Inc. (NASDAQ:CRMT) shares surged 30.8% to close at $99.98 after reporting better-than-expected Q4 results. Quantum Computing, Inc. (NASDAQ:QUBT) gained 26.3% to close at $1.97. Quantum Computing’s 8-K showed that the company and Project Alpha Merger entered deal to buy QPhoton. Platinum Group M
Apollo Strategic Growth Capital, a special purpose acquisition company (the "Company" or "APSG") (NYSE:APSG), announced today that the U.S. Securities and Exchange Commission (the "SEC"), has declared effective its Registration Statement on Form S-4 (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus (the "Proxy Statement") in connection with its previously announced proposed business combination (the "Business Combination") with American Express Global Business Travel ("Amex GBT"). APSG also announced that it has set May 25, 2022 as the date for its extraordinary general meeting (the "Special Meeting") to approve the Business Combination and re
The largest business-to-business travel platform is going public via SPAC merger announced Friday morning. The SPAC Deal: American Express Global Business Travel (GBT) announced a SPAC deal with Apollo Global Management Inc (NYSE:APO) backed SPAC Apollo Strategic Growth Capital (NYSE:APSG). The deal values American Express Global Business Travel at a pro forma market capitalization of $5.3 billion. A PIPE of $335 million includes investments from existing investors and adds new investors Sabre Corp (NASDAQ:SABR) and Zoom Video Communications Inc (NASDAQ:ZM). “Commitments from new investors like Zoom, Sabre, Apollo, Ares and HG Vora are a huge vote of confidence in our business and the fu
Today's 5 Stock Ideas: Alibaba (BABA) - Shares of US-traded China-based companies were lower Friday morning following news Chinese software company DiDi Global (DIDI) will delist from the NYSE in order to list on the Hong Kong exchange. Concerns related to US-traded China-based companies were sparked Thursday following a Bloomberg report "U.S. Regulators Move Step Closer To Delisting Chinese Companies." Marathon Digital (MARA) - A crypto play. Crypto stocks will be in focus next week as execs from cryptocurrency-related companies will testify before a US congressional committee on Wednesday, Dec. 8. Virgin Galactic (SPCE) - Shares rallied about 3% Thursday afternoon following
- GBT plans to make multi-million dollar long-term annual investment in joint technology development with Sabre - Two thought-leading companies plan to develop distribution ecosystem for corporate travel industry - New agreement anticipates meaningful growth in GDS bookings through Sabre SOUTHLAKE, Texas, Dec. 3, 2021 /PRNewswire/ -- Sabre Corporation (NASDAQ:SABR) and American Express Global Business Travel (GBT) today announce a long-term, multi-faceted strategic partnership focused on developing technologies that will enable the future of corporate travel distribution. Under the terms of this newly expanded technology partnership – which takes effect in January 2022 – GBT will increase
American Express Global Business Travel delivers unrivaled value, choice and experiences through its leading B2B travel platform American Express Global Business Travel and Apollo Strategic Growth Capital to combine at pro forma market capitalization of $5.3 billion Transaction to provide up to $1.2 billion of gross proceeds, including an upsized and oversubscribed fully committed $335 million PIPE investment at $10.00 per common share with key investors including Apollo, Ares, HG Vora, Sabre and Zoom Listing on New York Stock Exchange anticipated to accelerate growth strategy and provide additional investment capacity New shareholders to join existing investors American Ex
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