Articles tagged “spacs”

Online Travel

Certares Founder on the Ease of Investing in Travel During a Pandemic

It is certainly an attractive time for private equity firms to invest in travel companies under pressure, but picking winners is never a slam dunk.

Dennis Schaal | 3 years ago

Hotels

Vacasa and Sonder Face Challenges as They Get Ready to Join Airbnb as Public Companies

Will Vacasa and Sonder have the wherewithal as public companies to build their own brands independent of relying on Google and Airbnb, and will their business model challenges be surmountable? There's a ton of potential and so much work ahead for each of the companies.

Dennis Schaal, Skift | 3 years ago

Online Travel

Travel-Hungry SPAC Altitude in Talks to Take SoftBank-Backed Car Sharer Getaround Public

Altitude is a SPAC, or special purpose acquisition company, led by Gary Teplis, the CEO of corporate travel agency Teplis Travel. If Reuters' report is true, Altitude might take Getaround, a carsharing service, public in a multi-billion-dollar deal.

Krystal Hu, Reuters | 3 years ago

Coronavirus

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

Sean O'Neill, Skift | 3 years ago

Online Travel

HotelPlanner in SPAC Deal as It Grows Ranks of 2,000 Gig Economy Customer Service Agents

HotelPlanner found itself a niche in leisure-oriented hotel bookings for groups. It is bent on disrupting the call center model in travel, but will have to prove that its gig-economy customer services agents can develop travel expertise.

Dennis Schaal, Skift | 3 years ago

Hotels

Oyo Takes Step Toward Initial Public Offering

It's clear that Oyo will try to go public in some fashion. But will investors buy the story — and the shares?

Dennis Schaal, Skift | 3 years ago

Online Travel

Vacasa to Go Public in $4.5 Billion SPAC Merger on Heels of Vacation Rentals Surge

Vacasa has reached a remarkable milestone with its plan to go public, having parlayed the booming interest in vacation rentals during the pandemic. Yet the full-service property management sector is crowded, and going public is only the start of the journey.

Sean O'Neill, Skift | 3 years ago

Online Travel

Dubai-Based Transport Startup Swvl to Go Public in $1.5 Billion Blank Check Merger

Swvl is a tech-driven transportation service that uses fixed schedules and locations for pickups. Given how chaotic commutes can be in many cities worldwide, it's understandable why investors like it.

Ehab Farouk, Reuters | 3 years ago

EventMB

Cvent Going Public in $5 Billion Deal

3 years ago

Online Travel

Lakestar Will Take HomeToGo Public in $1 Billion Bet on Vacation Rental Search

HomeToGo's move to go public is a validation of the booming vacation rental sector. It's also a rare accomplishment for a German-based startup. Europe had been playing a catchup game with Silicon Valley, but no longer.

Sean O'Neill, Skift | 3 years ago