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Sonder expands presence in Orlando
Reading Time: 2 minutesUS: Short-term lodging company Sonder has announced that it is expanding its footprint in Orlando with the opening of two properties, bringing its portfolio to a total of four properties in the metro area. Sonder claims its new resort-style properties – Sonder Vista Cay and Sonder at The Point – will complement its boutique-style location, […]
HomeToGo set to go public via $1.2bn SPAC
Reading Time: 2 minutesGermany: Berlin-based vacation rental distribution channel HomeToGo has announced that it has signed a non-binding letter of intent to go public via a merger with blank cheque company, or special purpose acquisition company [SPAC], Lakestar SPAC I, owned by venture capital firm Lakestar. In a joint statement, the companies said that they would “continue to be […]
Sonder to go public via SPAC merger worth $2.2bn
Reading Time: 3 minutesUS: Short-term lodging company Sonder has announced it has entered into a definitive agreement with special purpose acquisition company [SPAC] Gores Metropoulos II, sponsored by an affiliate of The Gores Group, to go public via a merger. The combined technology-driven hospitality company is expected to have a pro forma enterprise value of $2.2 billion and […]
SmartRent to go public in $2.2bn merger
Reading Time: 4 minutesUS: SmartRent, a smart home operating system for residential property owners and managers, homebuilders, home buyers and residents, has entered into a definitive business combination agreement with Fifth Wall Acquisition Corp. I, a special purpose acquisition company [SPAC] sponsored by an affiliate of Fifth Wall, the largest venture capital firm focused on the global real estate industry […]
Sonder rumoured to go public with $2.5bn valuation
Reading Time: 2 minutesUS: San Francisco-based unicorn Sonder is reportedly in talks to go public by merging with blank-cheque firm Gores Metropoulos II Inc. [also known as a special purpose acquisition company or SPAC], according to Bloomberg News. According to the report, the short-term lodging startup, which was last valued at around $1.3 billion following a bumper $170 […]
Thayer Ventures SPAC to file for $175m IPO
Reading Time: 2 minutesUS: Venture capital firm Thayer Ventures has created a subsidiary brand, Thayer Ventures Acquisitions, which is aiming to raise $175 million via an initial public offering [IPO] to invest in travel and transportation companies. The new travel-focused special-purpose acquisition company [SPAC] is believed to be hoping to sell 17.5 million units of stock at $10 […]
Airbnb turns down SPAC merger with billionaire investor Ackman
Reading Time: 2 minutesUS: It has been revealed that Airbnb turned down the offer of a merger with a blank-cheque / special purpose acquisition company [SPAC] owned by billionaire investor Bill Ackman as it preferred to go down the traditional initial public offering [IPO] route. Bloomberg reported the news, following the announcement in August that the home-sharing platform […]