CHP Merger Corp., a blank check company led by a team from Concord Health Partners targeting the healthcare industry, raised $275 million by offering 27.5 million units at $10 to command a market value of $338 million. The company originally planned to raise $250 million. Each unit consists of one share of common stock and one-half of one warrant exercisable at $11.50.
CHP Merger Corp. plans to list on the Nasdaq under the symbol CHPMU. J.P. Morgan, Credit Suisse, and Morgan Stanley acted as lead managers on the deal.
Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)
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