1 Recent IPO in the Red-Hot Pet Industry
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
1 Recent IPO in the Red-Hot Pet Industry
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Zulily co-founder’s SPAC raises $300 million
April 30, 2021 at 9:16 am
Mark Vadon is on the prowl for the next e-commerce superstar.
Vadon, who previously co-founded Zulily and Blue Nile and served as chairman of online pet products retailer Chewy, is the CEO of a new “blank check” company called Big Sky Growth Partners that just raised $300 million via a special purpose acquisition company (SPAC).
Trading on the Nasdaq under the ticker BSKYU, Big Sky shares fell slightly from its $10 offering price on its first day of trading, yet another signal that the red hot SPAC market may be cooling.
Even still, Big Sky now has $300 million to go after a retail or direct to consumer company. The newly-formed SPAC, created in February, said it has yet to identify an acquisition target.
Total funding: $467.4 million, according to Crunchbase
Turo s platform allows users to rent cars directly from their owners. The company says that there are more than 450,000 vehicles and more than 850 unique makes and models available to rent.
8. Viagogo
Category: Tickets
Total funding: $65 million, according to Crunchbase
Viagogo is a European marketplace for ticket exchange and resale. The company, founded by StubHub cofounder Eric Baker, made a move to acquire StubHub for $4.05 billion in March, which ended up being blocked by competition watchdog The Competition and Markets Authority (CMA).
7. ThredUp Thousands of garments are stored on a three-tiered conveyor system at a sorting facility for ThredUp, an online thrift store.