With a warm and confident smile, eXp Realty founder Glenn Sanford gives off a nerdy, awe-shucks vibe. The 53-year-old Gen Xer has a twinkle in his eye like a character out of the 1992 movie
Wayne’s World. He lives in Bellingham, Washington, where the town’s motto is “The City of Subdued Excitement.”
But underneath the understated veneer lies a savvy businessman, an imaginative technologist and a financial whiz a triumvirate of skills that accounts for his success.
Earlier this week, eXp announced a two-for-one stock split. Shares soared more than 20 percent after the announcement. Today, the company is valued at $6.8 billion, bringing Sanford’s net worth on paper close to $2 billion, and that of his ex-wife, Penny Sanford, almost $1.5 billion.
5WPR Announces Creation of Special Purpose Acquisition Company (SPAC) Communications Practice
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NEW YORK, Jan. 22, 2021 /PRNewswire/ 5W Public Relations, one of the largest independently-owned PR firms in the U.S., announces today the creation of a dedicated practice focused on Special Purpose Acquisition Company (SPAC) PR. The new specialty focus is an expansion of the existing Corporate and Technology Communications practice and will offer clients in the space a team of knowledgeable experts to assist with the launch and publicity of SPACs. It takes highly coordinated efforts to navigate the IPO ecosystem, and 5W has established a four-part strategy to successfully launch IPOs and SPACs, said 5WPR CEO and Founder, Ronn Torossian. After continued interest from clients in this service, and increased popularity in the SPAC offering process, we re excited to launch our dedicated SPAC team.
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(Bloomberg) Dennis Muilenburg, the former chief executive officer of Boeing Co. who stepped down during the 737 Max crisis, is close to filing for a blank-check company, according to people with knowledge of the matter.Muilenburg, who resigned in 2019 from Boeing’s board and top job, plans to raise about $200 million in a special purpose acquisition company, one of the people said, asking not to be identified because the matter is private.The vehicle could file as early as next week, the people said, and will focus on finding targets in futuristic transportation.Muilenburg couldn’t be reached for comment.Prominent figures from the business, politics and sports worlds have been rushing into the SPAC market since last year partly due to the lucrative payout for managing these vehicles.The former Boeing chief was ousted in late 2019 after fumbling the planemaker’s response to two deadly 737 Max accidents and their aftermath. At the aviation titan, Muilenburg was an