Author: Vitaliy Dadalyan

Zillow And Hotwire Founder Spencer Rascoff Launches SPAC

Serial entrepreneur Spencer Rascoff announced plans to launch a SPAC on Friday.The Management Team: Supernova Partners Acquisition Company (NYSE: SPNV) was formed by Spencer Rascoff, Alexander Klabin, Robert Reid and Michael Clifton.Spencer Rascoff will serve as the co-chairman of this SPAC. Rascoff is the co-founder of Zillow Group (NASDAQ: Z), Hotwire and dotLA. Rascoff served as the CEO of Zillow for over 10 years where he led the company through more than 15 acquisitions, including of its largest rival Trulia.Rascoff helped lead the IPO efforts for Zillow, whose shares are up more than 250% over the last five years.Rascoff also led the sale of Hotwire to Expedia (NASDAQ: EXPE) for $685 million.JPMorgan (NYSE: JPM) will serve as the underwriter on this SPAC.The Offering: Supernova Partners Acquisition will offer 30 million units at a price point of $10 to raise $300 million. Each unit will include one common share and one-third of...

Top 10 Logistics Companies in the World

In this article we take a look at the biggest logistic companies in the world in 2019. Click to skip ahead and jump to 5 biggest logistic companies in the world. The biggest logistics companies in the world are evidence that this is a major industry with global implications. While you might think that logistic companies […]...