SOND

Sonder Holdings Inc - Ordinary Shares - Class A

SPAC, Consumer


Presented:01/28/2022
Price:$8.92
Cap:$2.47B
Current Price:$3.74
Cap:$0.04B

Presented

Date01/28/2022
Price$8.92
Market Cap$2.47B
Ent Value$0.56B
P/E RatioN/A
Book Value$7.20
Div Yield0%
Shares O/S277.35M
Ave Daily Vol426,895
Short IntN/A

Current

Price$3.74
Market Cap$0.04B
Sonder Holdings, Inc. provides hospitality services. It operates and manages various accommodations that are suitable for one night and extended stays and serve many use cases. The company was founded by Francis Davidson-Tanguay and Martin Picard in 2012 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Sonder Holdings Inc (SOND), WeWork Inc (WE), Airbnb Inc (ABNB)

Highlights 

The presenter is long the next-gen, short-term lodging firm Sonder Holdings (SOND), a SPAC that closed Jan. 19 and was formed with Gores Metropoulos II. The company has a market cap of approximately $2.1B and an enterprise value of approximately $1.7B. Sonder has raised approximately $310MM in a PIPE deal with its SPAC investors. The PIPE will trade once the underlying shares are registered most likely 30-60 days from now.

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Idea Discussion

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