Smart lock startup Latch Inc. is set to be the latest company to go public via a special-purpose acquisition company in a deal that values the company at $1.56 billion. Under the deal, Latch will go public via TS Innovation Acquisitions Corp., a company backed by property developer Tishman Speyer. Latch will raise $510 million in cash, including $190 million from investors Chamath Palihapitiya, BlackRock, D1 Capital Partners and Fidelity Management & Research, according to Reuters. SPACs are entities that are created for the sole purpose of buying another firm and taking it public. They became growingly popular in 2020...