Kodiak Robotics made a ubiquitous financial move in 2021. YUP is set to make the self-driving truck startup public through a merger with ARES Acquisition Corporation II, a special purpose acquisition company. SPACS loses its glow and the self-driving car space is a bold bet in a market with many closures, including Embark and Tusimple.
Today, TechCrunch’s equity podcast hosts Kirsten Korosec, Max Zeff and Anthony HA, unpacks this week’s news, including the potential for SPAC returns in the uncertain IPO market. As Kirsten points out, it’s a strange moment for a public debut in the public. Especially after so many chattering, when 2025 becomes the big comeback year for a huge hit IPO, major players like Klarna and Stubhub have already paused. And with investor Mark Goldberg put it on this week’s show, people holding their breath this year due to the waves of FinTech IPOs “will have blue faces.”
Listen and listen to the entire episode:
Equity will be back next week, so stay tuned!
Equity is TechCrunch’s flagship podcast produced by Teresa Loconsolo, posted every Wednesday and Friday.
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