Travel Startup HomeToGo to Debut in Frankfurt After SPAC Deal

HomeToGo SE, a German online travel company, will start trading on the Frankfurt stock exchange Wednesday after a reverse merger with a blank-check firm backed by an early investor in Spotify Technology SA.

Lakestar SPAC I SE, a special purpose acquisition company sponsored by Klaus Hommels, has merged with HomeToGo, whose platform aggregates holiday home rentals. The deal values the combined entity at 1.2 billion euros ($1.4 billion), paving the way for one of Europe’s first tech-focused SPAC listings.

“Vacation rentals are highly fragmented, non-transparent and underserved,” HomeToGo Chief Executive Officer Patrick Andrae said in a video posted ...