Selina Aims to Go Public at $1.2 Billion Valuation Via Blank Check Deal
Skift Take
Kudos to Rafael Museri and Daniel Rudasevski who co-founded Selina in 2015 and brought the company to this point. But investors face a tricky decision about how to value this startup compared to traditional lodging groups.
Selina, a hospitality brand focusing on millennials, said on Thursday it would go public via a merger with blank-check firm BOA Acquisition Corp in a transaction valuing the business at approximately $1.2 billion.
The deal includes a $70 million private investment in public equity, or PIPE, from South Light Capital, MORE Investment House, and R
