DFP Healthcare Acquisitions Corp. (DFPHU) Prices $200M IPO

ipo

DFP Healthcare Acquisitions Corp. (DFPHU) Prices $200M IPO

Mar 10, 2020 INTEL by Kristi Marvin

DFP Healthcare Acquisitions Corp. (DFPHU), the Deerfield Management sponsored SPAC, announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, March 11th, under the symbol Nasdaq: DFPHU.

DFP Healthcare is the second SPAC to be sponsored by Deerfield, having previously completed DFB Healthcare Acquisitions Corp., which recently combined with AdaptHealth Corp. (AHCO).  DFP Healthcare will be led by Richard Barasch, as Executive Chairman, and Steven Hochberg, as President, Chief Executive Officer and Director.

Total SPAC deal count for 2020 year-to-date is now 13 with $3.89 billion in gross proceeds raised. The offering is anticipated to close on Friday, March 13, 2020.

Congratulations to all.


Deutsche Bank Securities Inc., Jefferies LLC and UBS Securities LLC are acting as joint book-running managers of the offering. Winston & Strawn LLP and Kirkland & Ellis LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.

 

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