NEBC - Dog walking/pet sitting co. Rover gains on its first day of trading post SPAC

Dog walking/pet sitting company Rover Group (ROVR) gained 4.6% on its first day of trading as a public company after completing a de-spacing deal with Nebula Caravel Acquisition (NASDAQ:NEBC). In June, Rover had its largest-ever booking month recorded, with total bookings of 421,000—compared to 373,000 in June 2019—and had its highest single month of Gross Bookings Value (GBV) of $56.6M. The 10-year-old company’s Rover.com platform connects pet owners with doggie day care, dog walkers, boarding and other services in 10 countries and boasts that it’d had “millions of services booked. Thousands of wagging tails.”  Rover’s app connects pet owners with service providers like dog walkers or boarders in exchange for a cut of their fees, sort of the way that Uber connects people who needs rides with drivers. Seattle-based Rover plans to release its Q2 earnings after the market close on Aug. 9, according to a statement. Also see from March, SPAC Nebula

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Dog walking/pet sitting co. Rover gains on its first day of trading post SPAC