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What does Latch’s public debut mean for Multifamily Owners?
The Latch merger makes it very clear that the public markets are betting on an industry instead of a product. When Latch announced its merger with the Tishman Speyer vehicle , it was offered an Enterprise Value of $1.05 Billion on reported Net Revenue of $18 Million. The EV multiple of 58.5x is higher than any current publicly trading comparable