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Babylon Health (Alkuri Global Acquisition) Priced, Nasdaq: BBLN

Blank check company led by a former Groupon CEO and QIA fund manager targeting disruptive technology (completed 10/21/2021).

Industry: SPAC

First Day Return: +6.8%

We are a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to herein as our initial business combination. We believe that there are many target companies that could become attractive public companies and we will seek a target in the disruptive technology sector broadly with a spotlight on Consumer Internet and Marketplaces, Healthtech, Fintech and Mobility. While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on US-based disruptive technology companies that we believe have significant growth prospects and the potential to generate attractive returns for our stockholders. We expect to focus on identifying potential target companies with above-industry-average growth, and a defensible market position with an enterprise value in excess of $750 million where our management team’s operational, strategic or managerial expertise can assist in maximizing value.
IPO Data
IPO Date 02/04/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $300
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Nashville, TN, United States
Founded 2020
Employees at IPO 2

Babylon Health (Alkuri Global Acquisition) (BBLN) Performance

Created with Highcharts 10.3.2Chart context menuBBLN vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index