2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week
Photo Credit: Chris Hemmeter, managing director of Thayer Ventures, talked at Skift Tech Forum in June 2018. Skift
Skift Take
Two blank-check outfits that will try to buy something in travel later debuted on the stock market this week. No Airbnb-style IPO pops, however, because no one knows what the acquirers might score in the travel sector.
Thayer Ventures Acquisition Corp., a travel-focused blank-check company tied to Chris Hemmeter of venture capital firm Thayer Ventures and Mark Farrell, the former mayor of San Francisco, debuted on the stock market on Friday under the symbol TVACU.
The debut came the same day that Altitude Acquisition, a similar entity, closed its effort to raise $300 million in an initial public offering that launched Wednesday to search for investments in the travel industry. Altitude is run by CEO Gary Teplis, the top boss of corporate travel agency Teplis Travel.
The two companies have gotten one step closer to going on the hunt, having completed their ini
