It didn't work out too well anywhere. They borrowed millions and millions and millions and when Vacasa was sold to Casago earlier this year for $130 million the shareholders got $5.30 per share.
"Dec 30, 2024 — At the time of that public listing in 2021, Vacasa had a valuation of $4.4 billion coming off a quarter when it reported revenue of $330 million"
Wrap your mind around this one => "for the period of 2020 through Q1 2024, Vacasa's total losses reached $851 million."
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"US: Property management franchise company Casago has finalised its acquisition of Vacation rental platform Vacasa, marking a significant shift in the North American short-term rental market.
The transaction, valued at approximately $130 million, was completed on 30 April 2025, following approval from Vacasa’s stockholders on 29 April. Under the terms of the merger agreement, Casago acquired all outstanding shares of Vacasa at a price of $5.30 per share.
As a result of the acquisition, Vacasa’s common stock has ceased trading and is no longer publicly listed on the Nasdaq."
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