American Express Global Business Travel on Friday announced that it would offer 15 percent of its shares to the public via a merger with special purpose acquisition company Apollo Strategic Growth Capital. Expected to close during the first half of next year, the deal values Amex GBT at roughly $5 billion, would generate up to $1.2 billion in proceeds and features investors including Sabre and Zoom. 

For American Express GBT CEO Paul Abbott, outsized investor interest demonstrated a "huge vote of confidence in our business . . .

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