Skift Take
Shaky financial markets didn’t deter Selina from debuting as a publicly traded company, taking advantage of a post-pandemic surge in youth travel. Critics pointed to its lack of profits. But fans praised the hotel brand’s relentless experimentation in a sector that’s often too cautious.
The millennial- and Gen-Z-friendly hotel group Selina debuted as a public company on Thursday, listing after completing its merger with special purpose acquisition company BOA.
It was a stunning first day of trading for Selina, with the stock closing up 319 percent to $40.90 on heavy volume.
Still, the path to the debut was complex. BOA traded on the New York Stock Exchange and closed on…