Independence Holdings $495.9 million IPO
We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 49,590,908 units of Independence Holdings Corp. including 6,090,908 units purchased pursuant to the partial exercise of the underwriter’s option to purchase additional units, for aggregate proceeds of $495.9 million. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant to purchase one Class A ordinary share of Independence Holdings Corp. The units are expected to be listed on the Nasdaq Capital Market under the symbol “ACQRU.”

Independence Holdings Corp. is a newly-organized, special purpose acquisition company (SPAC). The company intends to leverage its deep financial and investing experience, extensive deal flow and large contact networks in order to pursue exceptional opportunities with high-quality growth companies in its focus sectors of financial technology, software and tech-enabled services (although it may consider transactions in other industries).

The Davis Polk corporate team included partners Derek Dostal and Byron B. Rooney and associates Angela Park and Amber Leary. The tax team included counsel Kiara L. Rankin and associate Shay Moyal. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.