The Montreal-founded lodging rental company agreed to merge with a special purpose acquisition company, which will take it public on the Nasdaq at a valuation of around US$2.2 billion. (The Logic)

Talking point: Sonder is going public at a difficult time for travel-dependent businesses, with border restrictions still in place around the world. Housing prices have also been rising rapidly, potentially increasing Sonder’s real-estate costs in some areas. Still, rival Airbnb has done well recently, which could bode well for Sonder. Shares in Airbnb have climbed just over 20 per cent since going public in December, outperforming the Nasdaq Composite Index’s increase of about 13 per cent in the same period.