OAC - Hims & Hers Going Public 3 Years After Its Start Through Merger With Oaktree Acquisition

• Hims & Hers, a fast-growing U.S.-based direct-to-consumer telehealth service and product provider, will go public through a merger with SPAC Oaktree Acquisition Corp.
• HIMS reported $27 million, $83 million, and $138 million annual revenue respectively over the last three years, representing a CAGR of 128%.
• Gross margin also skyrocketed during that time, from 29% ($8 million) in 2018 to 71% ($98 million) in 2020, a 254% CAGR.
• The combined entity is expected to be valued around $1.6 billion. Venture capital investors include billionaire Peter Thiel’s Founders Fund, Redpoint Ventures and SV Angel.

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