The Spectacular Rise (and Fall?) of SPACs in Travel
When deciding to go public, many travel companies weigh the pros and cons of a traditional IPO versus a special purpose acquisition company, or SPAC. SPACs are shell companies created to raise capital via an IPO, with the intention to then acquire or merge with another company. Achieving an IPO via a SPAC offers the potential for greater reward and less regulatory red tape, but this opportunity comes with certain risks. This analysis highlights some of the different types of SPACs associated with the travel startup space, along with key benefits and pitfalls associated with SPACs.
This article is part of a content series that explores some of the most significant technology-driven trends that will influence travel distribution in 2022 and beyond.
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