Online health startup Babylon to go public via $4.2 bln SPAC deal

Reuters

2021/06/03

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

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;))

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