The flexible office giant WeWork is the latest real estate company to use a special purpose acquisition company to go public. The wave of real estate companies turning to SPACs is growing, such as with Cushman & Wakefield, RXR Realty, Simon Property Group, Tishman Speyer, Opendoor, and Matterport, among others.
Here’s Which VC-Backed Companies Are Going Public Via SPAC This Year (So Far)
Going public through a special purpose acquisition company is officially mainstream. Special purpose acquisition companies, once looked down upon by Wall Street-types as a less respectable way to go public, have been forming and going public at an unprecedented pace this year.
Billionaire Gores backs Matterport listing with $2.9 bln blank-check deal
Matterport Inc, which makes makes 3D cameras for virtual tours of real estate, will go public through a merger with a blank-check firm backed by billionaire Alec Gores in a deal that values the combined entity at $2.9 billion, the companies said on Monday.