The Latest SPAC News and Rumors: June 8th, 2021


The Latest SPAC News and Rumors: June 8th, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Minute Media and Digitonic consider listing through a SPAC, and Bridgetown 2 is in talks to merge with Property Guru


Digital Ad Startup Minute Media Explores Going Public

Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year.

Minute Media, which owns brands including Mental Floss and the Players’ Tribune website started by former baseball star Derek Jeter, is considering an IPO or a listing through a SPAC.

The company would seek to be valued at more than $1 billion when it lists its shares. It was valued at about $500 million after raising funding last year, according to data provider PrivCo.


Digitonic Considering IPO or Sale to SPAC

Mobile marketing specialist Digitonic is considering a stock market listing in either the UK or North America and is also actively speaking to a SPAC that could lead to an acquisition of the company.


TPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal

Bridgetown 2 Holdings Ltd., the blank-check company backed by Richard Li and Peter Thiel, is in advanced talks to merge with Singapore’s online real estate firm PropertyGuru Pte, people with knowledge of the matter told Bloomberg.

The SPAC has been in discussions with PropertyGuru on the potential deal, which could be announced as soon as next month, and a transaction could value the combined firm at as much as $2 billion, the people said.


Smart-Lock Startup Latch Rose 4% on First Day of Trading

Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a SPAC run by Tishman Speyer Properties, rose 4% on the first day of trading.