Tech

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

Key Points
  • British health tech startup Babylon Health has agreed to go public through a merger with a blank-check firm led by former Groupon chief Rich Williams.
Babylon Health home screen
Source: Babylon Health

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".