The Lennar-backed accommodation provider will take a Nasdaq listing having previously raised $530m, and was valued at $1.3bn as of June 2020.
Sonder, a US-based hospitality services provider backed by homebuilder Lennar, agreed on Friday to a reverse takeover with special purpose acquisition company Gores Metropoulos II at a pro forma enterprise value of $2.2bn.
The merged business will take the position on the Nasdaq Capital Market acquired by Gores Metropoulos II, sponsored by affiliates of investment firm Gores Group and businessman Dean Metropoulos, when it floated in a $400m initial public offering in January this year.
A Gores Group affiliate…
