Sharing

4
Comment
Favorite

Jasng250
2021-07-30

Sharing

Vacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 billion deal

(Reuters) -Vacation rental management company Vacasa said on Thursday it plans to go public through

Vacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 billion deal

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":808493852,"tweetId":"808493852","gmtCreate":1627604781776,"gmtModify":1703493126898,"author":{"id":4087425063899560,"idStr":"4087425063899560","authorId":4087425063899560,"authorIdStr":"4087425063899560","name":"Jasng250","avatar":"https://static.tigerbbs.com/e8bc095a8d0ab16126d761239241a437","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":28,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Sharing&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Sharing&nbsp;</p></body></html>","text":"Sharing","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/808493852","repostId":1120403817,"repostType":4,"repost":{"id":"1120403817","kind":"news","pubTimestamp":1627604139,"share":"https://ttm.financial/m/news/1120403817?lang=en_US&edition=fundamental","pubTime":"2021-07-30 08:15","market":"us","language":"en","title":"Vacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1120403817","media":"Reuters","summary":"(Reuters) -Vacation rental management company Vacasa said on Thursday it plans to go public through ","content":"<p>(Reuters) -Vacation rental management company Vacasa said on Thursday it plans to go public through a merger with a blank-check firm backed by private equity giant TPG, in a deal that gives Vacasa an equity valuation of $4.5 billion.</p>\n<p>The deal with TPG Pace Solutions Corp, a special purpose acquisition company (SPAC), will result in cash proceeds of nearly $485 million for Vacasa.</p>\n<p>Founded in 2009, Vacasa lists, cleans and manages homes on sites such as Airbnb Inc and Expedia Group-owned Vrbo, as well as on its own marketplace.</p>\n<p>The company reported $492 million in revenue in 2020, 64% year-over-year growth, as vacation rental becomes more popular during the pandemic when people work remotely and move away from big cities.</p>\n<p>Chief executive Matt Roberts said the company plans to use the proceeds to invest in technology to develop innovative products and expand selections of properties in more vacation destinations in the United States.</p>\n<p>Vacasa’s investors include Silver Lake and Riverwood Capital.</p>\n<p>SPACs are special purpose acquisition companies that use money raised through an initial public offering to take a private company public.</p>\n<p>On closing of the deal, Vacasa will trade under the symbol “VCSA”.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/vacasa-ma-tpg-pace/update-1-vacation-rental-firm-vacasa-to-merge-with-tpg-backed-spac-in-4-5-bln-deal-idUSL4N2P53UB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Vacation rental management company Vacasa said on Thursday it plans to go public through a merger with a blank-check firm backed by private equity giant TPG, in a deal that gives Vacasa an ...</p>\n\n<a href=\"https://www.reuters.com/article/vacasa-ma-tpg-pace/update-1-vacation-rental-firm-vacasa-to-merge-with-tpg-backed-spac-in-4-5-bln-deal-idUSL4N2P53UB\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/vacasa-ma-tpg-pace/update-1-vacation-rental-firm-vacasa-to-merge-with-tpg-backed-spac-in-4-5-bln-deal-idUSL4N2P53UB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120403817","content_text":"(Reuters) -Vacation rental management company Vacasa said on Thursday it plans to go public through a merger with a blank-check firm backed by private equity giant TPG, in a deal that gives Vacasa an equity valuation of $4.5 billion.\nThe deal with TPG Pace Solutions Corp, a special purpose acquisition company (SPAC), will result in cash proceeds of nearly $485 million for Vacasa.\nFounded in 2009, Vacasa lists, cleans and manages homes on sites such as Airbnb Inc and Expedia Group-owned Vrbo, as well as on its own marketplace.\nThe company reported $492 million in revenue in 2020, 64% year-over-year growth, as vacation rental becomes more popular during the pandemic when people work remotely and move away from big cities.\nChief executive Matt Roberts said the company plans to use the proceeds to invest in technology to develop innovative products and expand selections of properties in more vacation destinations in the United States.\nVacasa’s investors include Silver Lake and Riverwood Capital.\nSPACs are special purpose acquisition companies that use money raised through an initial public offering to take a private company public.\nOn closing of the deal, Vacasa will trade under the symbol “VCSA”.","news_type":1,"symbols_score_info":{"TPGS":0.9}},"isVote":1,"tweetType":1,"viewCount":1975,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}