Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a special purpose acquisition vehicle run by Tishman Speyer Properties, rose 4% on the first day of trading.
Silverstein’s Tal Kerret seeks $250M for SPAC
Scott Rechler has a SPAC. Rob Speyer has two. And now, Silverstein Properties’ Tal Kerret is joining the craze. In a regulatory filing Tuesday, SilverSPAC Inc. said it intends to raise $250 million for a blank-check firm that aims to take a proptech firm public.
Tishman Speyer-backed SPAC to take smart-lock maker Latch public in $1.6 bln deal
Latch Inc said on Monday it plans to go public through a merger with blank-check company TS Innovation Acquisitions Corp, backed by U.S. property developer Tishman Speyer, in a deal that values the smart-lock maker at $1.56 billion.
CRE Firms Join the SPAC Boom
Sponsors such as Tishman Speyer, CBRE and Sam Zell have all launched blank check companies in recent months.
CBRE latest real estate firm to hop on SPAC bandwagon
CBRE, the world’s largest real estate services firm, has formed a blank-check company, called CBRE Acquisition Holdings.
Tishman Speyer Launches $300M SPAC to Invest in Proptech
Tishman Speyer has launched a $300 million blank check company that will invest in proptech firms, according to an S1 filed with the SEC Monday.