Intel chairman said he is considering up to $ 1 billion in PSPC’s health Tech IPO

Intel chairman said he is considering up to $ 1 billion in PSPC's health Tech IPO

Photographer: Qilai Shen / Bloomberg

Photographer: Qilai Shen / Bloomberg

Intel Corp. chairman Omar Ishrak is planning to raise funds for a blank check company targeting deals in the health technology sector, according to people with knowledge of the matter.

Ishrak, who previously headed medical device giant Medtronic Plc, could file public registration documents with the U.S. Securities and Exchange Commission as early as Tuesday, the people said, asking not to be identified because the information is private. Ishrak aims to raise around $ 750 million to $ 1 billion for the Special Purpose Acquisition Company, or SPAC, they said.

Goldman Sachs Group Inc. leads preparations for …

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