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Articles tagged “spac”

Online Travel

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Some travel sector startups will use special-purpose acquisition companies, or SPACs, to go public, instead of doing traditional IPOs. The trend has the makings of an investor frenzy. Here's our cheat sheet, covered in six questions and answers.

Sean O'Neill, Skift | 4 years ago

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Online Travel

Helicopter Taxi Service Blade Goes Public Through Blank-Check Company

Airbus-backed Blade thinks Asia is where the action is, with plans to expand there after this latest blank-check deal. Keep an eye on similar so-called SPAC deals in travel in the new year.

Matthew Parsons, Skift | 4 years ago

Helicopter Taxi Service Blade Goes Public Through Blank-Check Company

Online Travel

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

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.

Sean O'Neill, Skift | 4 years ago

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

Online Travel

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

This is now the third "blank check" company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.

Sean O'Neill, Skift | 4 years ago

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

Online Travel

$300 Million IPO Will Target Travel Company Acquisitions and Investments

Heads up, struggling booking platforms. A proposed IPO hopes to raise $300 million, and the company's founders may come looking for you. The list of pandemic opportunists grows.

Tom Lowry , Skift | 4 years ago

$300 Million IPO Will Target Travel Company Acquisitions and Investments

Hotels

Airbnb Suitor Makes His Case as an Antidote to Market Volatility for a Pending IPO

Message delivered: If Airbnb is concerned about the market's rollercoaster ride and the timing of its going public, then Bill Ackman's Pershing — and other special purpose acquisition companies — could take a little of the anxiety out of the process.

Dennis Schaal, Skift | 4 years ago