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Rentals startup Sonder going public in USD2.2 billion SPAC deal
Short term rentals startup Sonder plans to go public via a special purpose acquisition (SPAC) merger. The so-called blank check transaction with Gores Metropoulos II values the company at about $2.2 billion.
San Francisco-based Sonder works with real estate developers to build properties that Sonder operates as branded short term rentals.
It currently operates over 300 properties and brought in $116 million in revenue last year. It partners with major platforms including Expedia, Airbnb and Booking.com.
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