By Reuters Staff
2 Min Read
(Reuters) - Three blank-check firms, backed by private equity firm InterPrivate LLC, are looking to raise as much as $650 million in their initial public offerings, regulatory filings showed on Wednesday.
InterPrivate II Acquisition Corp, InterPrivate III Financial Partners Inc and InterPrivate IV InfraTech Partners Inc aim to raise $200 million, $200 million and $250 million, respectively, by selling units on the New York Stock Exchange and Nasdaq.
The special purpose acquisition companies (SPACs) said they would seek to take public companies with an enterprise value of $1 billion or more in the tech and financial services sectors.
One of InterPrivate’s SPACs, InterPrivate Acquisition Corp, agreed to take public lidar sensor maker Aeva Inc, led by former Apple Inc engineers, through a merger in November last year.
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Fourth-quarter 2020 earnings reports from multifamily real estate investment trusts were weak, but improved rent and occupancy trends suggested coastal markets will continue improving, Mizuho analysts wrote.
In a Feb. 11 note, Haendel St. Juste and Zachary Silverberg noted that Equity Residential, UDR Inc. and Apartment Income REIT Corp. all released full-year 2021 guidance below expectations. They argued, though, that those outlooks appear conservative in light of positive trends in the year so far, including improved vaccine distribution, loosening local restrictions, and easier year-over-year earnings comparisons a
By Reuters Staff
2 Min Read
Feb 8 (Reuters) - Matterport Inc, which makes makes 3D cameras for virtual tours of real estate, will go public through a merger with a blank-check firm backed by billionaire Alec Gores in a deal that values the combined entity at $2.9 billion, the companies said on Monday.
The deal with Gores Holdings VI Inc is expected to provide $640 million in proceeds to Matterport, including a private investment of $295 million from investors Tiger Global Management, Dragoneer Investment Group and Fidelity Management & Research Co.
The COVID-19 pandemic caused a spike in demand for Matterport’s products, as people stayed at home and preferred virtual property tours.