RV Marketplace Outdoorsy Said Exploring IPO as Soon as This Year

Outdoorsy, a marketplace for renting recreational vehicles, is exploring going public as soon as the fourth quarter, according to people with knowledge of the matter. The Austin, Texas-based startup is…

working with Goldman Sachs Group Inc. on a potential filing ahead of a U.S. initial public offering that may value it at more than $1 billion, some of the people said. Outdoorsy held advanced merger discussions with special purpose acquisition companies earlier this year, deciding instead to pursue fresh financing, one of the people said. Terms may change and no final decisions have been made regarding an IPO. It’s possible timing could slip or that the company elects to remain private.

Outdoorsy and Goldman representatives declined to comment.

In June, Outdoorsy said it raised $90 million in equity from investors including SiriusPoint Ltd., Moore Strategic Ventures, ADAR1 Partners, Monashee Capital and Convivialite Ventures, the venture arm of Pernod Ricard SA. Existing backers Altos Ventures, iAngels, and Greenspring Associates also participated.

The startup, led by Chief Executive Officer Jeff Cavins, was buoyed by a boost to outdoor travel as a result of the pandemic. It has facilitated almost…

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