Good-glass firm View is ready to go public via a particular objective acquisition firm merger.
The corporate introduced Monday it had reached an settlement with a SPAC sponsored by Cantor Fitzgerald. The deal values View at $1.6 billion, in response to Bisnow.
The corporate, which is predicted to be listed on the Nasdaq inventory alternate, will reap about $800 million.
It has been a increase yr for SPACs, which have raised greater than $30 billion as of September, in comparison with $13 billion in 2019, in response to the New York Occasions. The mergers supply a faster method for corporations to get to the inventory market, avoiding a prolonged IPO course of.
Based in 2007, California–primarily based View makes “dynamic” glass home windows that cut back warmth and glare and modify in response to mild, in response to its web site.
Cantor Fitzgerald CEO Howard Lutnick informed Bisnow his workforce was excited to work with View “to not solely assist ship the capital wanted to additional construct out View’s capability, but in addition leverage our actual property platforms to create consciousness, scale and drive change throughout the actual property business.” [Bisnow] — Sylvia Varnham O’Regan