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Online Travel

$300 Million IPO Will Target Travel Company Acquisitions and Investments

Tom Lowry

Photo Credit: Among the potential targets for Altitude Acquisition will be booking platforms.  Abobe / REDPIXEL

Skift Take

Heads up, struggling booking platforms. A proposed IPO hopes to raise $300 million, and the company's founders may come looking for you. The list of pandemic opportunists grows.

Altitude Acquisition filed the paperwork Friday with the Securities and Exchange Commission to raise $300 million in an initial public offering to go on the hunt for opportunities in the travel industry. The Atlanta-based company is the latest so-called SPAC targeting travel. A special purpose acquisition company, or blank check company, is a shell company with no operations but created with the purpos

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