>They IPO'd in 2021 and were worth about 22 billion until Jan 2022 No, they IPOed via a merger with SPAC in January 2022, and almost immediately the price of t

>They IPO'd in 2021 and were worth about 22 billion until Jan 2022 No, they IPOed via a merger with SPAC in January 2022, and almost immediately the price of the company took a dip. 2021 was probably when the SPAC was founded/IPOed, and the relatively flat price prior to 2022 was because it was basically a pot of money. https://en.wikipedia.org/wiki/Sonder_(company)#History https://en.wikipedia.org/wiki/Sonder_(company)#History