Compute Health Acquisition Corp. (CPUH.U) Prices $750M IPO


Compute Health Acquisition Corp. (CPUH.U) Prices $750M IPO

Compute Health Acquisition Corp. announced the pricing of its $750 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CPUH.U” Friday, February 5.

The new company aims to combine with a business that brings cutting-edge data processing advances like integrated AI with the healthcare sector. Compute Health is led by Chairman Omar Ishrak and Co-CEOs Jean Nehmé and Joshua Fink.

Total SPAC deal count for 2021 year-to-date is now 112 with $33.2 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.

Goldman Sachs & Co. LLC. is acting as the sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.