Online health startup Babylon to go public via $4.2 bln SPAC deal
03/06/2021 14:40
June 3 (Reuters) - British health tech startup Babylon
Health said on Thursday it has agreed to go public through a
merger with a blank-check firm led by former Groupon chief Rich
Williams, valuing the combined company at a pro forma equity
value of $4.2 billion.
Babylon will merge with Alkuri Global Acquisition Corp
KURI.O and will trade on the Nasdaq under the new ticker
symbol "BBLN".
(Reporting by Sohini Podder in Bengaluru; Editing by Krishna
Chandra Eluri)
((sohini.podder@thomsonreuters.com;))
Recent news on Babylon Holdings
See all newsBrief: Babylon Reaffirms 2021 And 2022 Growth Guidance
Refinitiv Newscasts - US Day Ahead: Wall Street wobbles on inflation worries
Telehealth startup Babylon to go public via $4.2 billion SPAC deal (updated)
Babylon’s $4 bln SPAC is big bet on U.S. pivot
Brief: Babylon Announces Plans To Become A Public Company Via $4.2 Billion Merger With Alkuri Global Acquisition Corp.