Z - Zillow co-founder Spencer Rascoff lists third SPAC after second one cuts $2B Offerpad deal

Zillow and Hotwire co-founder Spencer Rascoff is set to roll out his third special purpose acquisition company Tuesday just days after his second one cut a deal to take Offerpad public at a $3B valuation.Supernova Partners Acquisition Co. III (STRE.U) is scheduled to begin trading on the New York Stock Exchange following a $250M initial public offering.The new SPAC’s listing comes less than a week after Supernova Partners Acquisition Co. I (SPNV) agreed to acquire Offerpad, a real estate solutions platform.Rascoff also previously co-founded Zillow (Z) and served as its CEO for nearly a decade. Prior to that, he co-founded travel site Hotwire, which Expedia (EXPE) acquired in 2003 for $685M.Additionally, Rascoff serves on the board of Palantir, and formerly had board seats on companies like TripAdvisor and Zulily.The tech entrepreneur also recently staged an upsized $300M IPO for Supernova Partners Acquisition Co. II (ZNII.U), although that SPAC has yet to make

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Zillow co-founder Spencer Rascoff lists third SPAC after second one cuts $2B Offerpad deal