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Articles tagged “spacs”

Startups

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

The companies didn't say why the merger failed. But the popularity of going public via mergers with SPACs, or special purpose acquisition companies, is waning. At least 22 deals have fallen apart since mid-2021, said SPAC Research.

Niket Nishant, Reuters | 2 years ago

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

Online Travel

Hopper Plans to Stay Private for Now With $5 Billion Valuation

Hopper has been making a go of things with varied degrees of success for 15 years and the company is now finding its stride. Being a private company has its allures, but you can bet that Hopper executives would jump at the right deal. Who wouldn't?

Dennis Schaal | 2 years ago

Hopper Plans to Stay Private for Now With $5 Billion Valuation

Luxury

Inspirato Reports Growth in Luxury Subscription Travel Ahead of Going Public

So far, luxury travel club Inspirato is on track with the projections it made in June for its growth. Other companies looking at subscription or luxury products should take note of its latest pitch deck.

Sean O'Neill | 2 years ago

Inspirato Reports Growth in Luxury Subscription Travel Ahead of Going Public

Short-Term Rentals

Sonder CEO on the Generational Divide in Hospitality

Sonder doesn't need to put Hilton or Airbnb out of business to be a winner. But it has to has to cope with the market's displeasure with unprofitable companies, and to prove that its guest experience will deliver on its promises, starting with millennials and Gen Zers.

Dennis Schaal | 2 years ago

Sonder CEO on the Generational Divide in Hospitality

Short-Term Rentals

Sonder Underwhelms in Public Debut

Sonder's delayed stock market debut came to be, finally. Now with a $310 million injection of proceeds from private investors, and tapping into a $165 million credit line, the company can go about its business trying to build the next household name hospitality brand.

Dennis Schaal | 2 years ago

Sonder Underwhelms in Public Debut

Online Travel

Letting the Air Out of Online Travel’s IPO Bloat

Stock markets, at their best, can be hype killers, and public investors shot down many inflated private company valuations in 2021. This may be a sobering development for IPO and SPAC wannabes in 2022.

Dennis Schaal | 2 years ago

Letting the Air Out of Online Travel’s IPO Bloat

Online Travel

Online Travel Faces Lots of Unfinished Business in 2022

Several travel-oriented, special purpose acquisition companies are out there that have not announced merger partners. A SPAC glut and the lackluster performance of several online travel or short-term rental companies that recently went public could have some of the hunters coming up empty.

Dennis Schaal | 2 years ago

Online Travel Faces Lots of Unfinished Business in 2022

Venture Capital

Expect a Travel IPO Boom in 2022

This was the year of the travel IPO with 10 market debuts. But at least 10 more travel companies are likely to go public in 2022. Investors, despite disappointing Covid setbacks, continue to bet on the long-term strength of the travel industry.

Sean O'Neill | 2 years ago

Expect a Travel IPO Boom in 2022

Short-Term Rentals

Sonder Takes Next Step Toward Stock Market Listing in Mid-January

Will Sonder be a household name brand in accommodations in five years? The company hopes its Nasdaq debut in January, and a nifty $310 million in proceeds, will be the next stage in that evolution.

Dennis Schaal | 2 years ago

Sonder Takes Next Step Toward Stock Market Listing in Mid-January

Hotels

5 Reveals About Selina Pulled From Its $1.2 Billion SPAC Filing

Before going public, Selina has offered a 63-page investor deck, touting its brilliance. But can the hospitality startup scale? We dig into the data and the premises behind the pitch to weigh the risks.

Sean O'Neill | 2 years ago

5 Reveals About Selina Pulled From Its $1.2 Billion SPAC Filing