Telemedicine firm Hims Inc in talks to go public via Oaktree blank-cheque company: sources

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[SAN FRANCISCO] Hims Inc, a telemedicine company that sells wellness and healthcare products, is in talks to go public through a merger with blank-check company Oaktree Acquisition Corp, according to people with knowledge of the matter. The deal could value Hims at about US$2 billion, according to the people, who asked not to be identified because the discussions are private. Oaktree is in talks with investors to raise about US$100 million to help fund the transaction, the people said.

A deal, if completed, could be announced in a few weeks, the people said. The talks are ongoing and a deal might not be reached, they said. Hims could still explore other deal options, one of the people said.Oaktree, backed by global asset manager Oaktree Capital, is a special purpose acquisition vehicle, or SPAC, that raised US$200 million as part of its initial public offering last year. Oaktree's shares have risen 4.8 per cent to US$10.27 since its IPO.

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