Proptech startup States Title, now Doma, going public via SPAC in $3B deal

Proptech startup States Title, now Doma, going public via SPAC in $3B deal

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/02/proptech-startup-states-title-now-doma-going-public-via-spac-in-3b-deal/

Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt.

SPACs, often called blank-check companies, are increasingly common. They exist as publicly traded entities in search of a private company to combine with, taking the private entity public without the hassle of an IPO.