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Vacasa, a leading vacation rental management platform, has completed its business combination with TPG Pace Solutions Corp., approved by stockholders on November 30, 2021. Vacasa's Class A common stock will trade on Nasdaq under the ticker symbol 'VCSA' starting December 7, 2021. The transaction generated over $340 million in gross proceeds aimed at enhancing technology and expanding its property portfolio. Vacasa's revised revenue guidance for 2021 exceeds initial targets by more than $100 million, reflecting strong execution and growth prospects in the vacation rental market.
Vacasa, a leading vacation rental management platform, has launched a campaign in December to donate $100 for every new homeowner contract signed, aiming to raise up to $15,000 for Habitat for Humanity. This initiative builds on a partnership established in 2021 and supports affordable housing development. Vacasa previously donated $100,000 to Habitat earlier this year, reflecting its commitment to community involvement. The company's operations span over 35,000 homes across 400+ vacation destinations in North America, Belize, and Costa Rica.
TPG Pace Solutions Corp. (NYSE: TPGS) has announced that its shareholders approved the business combination with Vacasa Holdings LLC, with over 96% in favor. The deal is set to close on December 6, 2021, with Vacasa expected to start trading under the ticker VCSA on Nasdaq on December 7, 2021. Vacasa is outperforming its revenue and adjusted EBITDA guidance for Q4 and continues to experience strong bookings despite the Omicron variant news. The transaction is anticipated to provide Vacasa with additional capital for growth.
Dr. Seuss Enterprises has partnered with Vacasa to offer a unique holiday experience by allowing visitors to book the Grinch’s cave from
TPG Pace Solutions Corp. (NYSE: TPGS) announced a special stockholder meeting scheduled for November 30, 2021, to approve its business combination with Vacasa, a top vacation rental management platform. Shareholder approval is anticipated, with the transaction expected to close on December 6, 2021. Following the closure, the combined company will trade under the ticker symbol VCSA starting December 7, 2021. Vacasa expects to enhance investments in technology and offerings, aiming for strong growth amidst favorable booking trends.
TPG Pace Solutions Corp. (TPGS) announced that its business combination with Vacasa Holdings LLC is set to close on
Vacasa announces the expected addition of Barbara Messing to its board as an independent director, contingent upon the successful business combination with TPG Pace Solutions (NYSE: TPGS). Messing, currently Chief Marketing & People Experience Officer at Roblox, brings extensive experience in the travel and marketing sectors, previously holding positions at Walmart and Tripadvisor. This leadership change is set to support Vacasa's growth ambitions as it transitions to a public company, building upon a strong third quarter performance and positive revenue projections for 2022.
Vacasa, the leading vacation rental management platform in North America, and TPG Pace Solutions Corp. (NYSE: TPGS) announced their participation in a fireside chat with IPO Edge. The event, featuring CEO Matt Roberts and Chairman Karl Peterson, will discuss Vacasa's business combination with TPGS, the vacation rental industry's professionalization, and the company’s recent record performance in Q3 2021. The live Q&A session is scheduled for 11:00 AM ET and aims to elaborate on Vacasa's technology-driven advantages.
Vacasa has reported unprecedented financial results for Q3 2021, showcasing record Gross Booking Value of $776 million, a 97% increase year-over-year. Revenue hit an all-time high of $330 million, surpassing targets by 28%. Adjusted EBITDA also performed well at $57 million, exceeding expectations. The company raised its 2021 revenue guidance to $872-$877 million, significantly above initial targets. With high consumer demand and effective technology-driven strategies, Vacasa anticipates strong performance in 2022, expecting revenue to surpass its targets. The business combination with TPG Pace Solutions is expected to close in Q4 2021.
Vacasa, North America's top vacation rental management platform, announced that CEO Matt Roberts and CFO Jamie Cohen will join a fireside chat at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Conference on November 16, 2021, at 11:20 a.m. EST. Investors can access both live and replay webcasts on the Vacasa Investor Website. Vacasa is becoming a publicly traded company through a business combination with TPG Pace Solutions (TPGS). Further information is available in the definitive proxy statement filed with the SEC.
