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Sard Verbinnen & Co. and ICR Westwicke, handle Babylon as the London-based digital health company goes public in a SPAC deal valued at $4.2B.
Its stock will trade on the NASDAQ.
The Financial Times noted that Babylon is the latest UK company to spurn a listing on the London Stock Exchange.
Babylon, which is expected to generate $300M revenues this year, provides digital self-care tools to more than 24M people in Europe, US, Canada, Africa and 13 countries in Asia.
CEO Ali Parsa said he founded the company in 2013 to “make quality healthcare accessible and affordable for every person on earth by combining the latest in technology and the best in medical expertise.”
Becoming a public company, he said, “is just another step in our journey.”
Palantir, the US data company that does extensive work in the national defense and security sector, is a strategic investor in Babylon.
Britain’s National Health Services hired Palantir last year to develop a COVID-19 “data store” to manage the distribution of PPE to healthcare facilities.
Sard Verbinnen’s Danya Al-Qattan handles media, while ICR Westwicke’s Bob East deals with investors inquiring about Babylon’s SPAC deal.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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