Small toy figures are seen in front of diplayed Airbnb logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration
The approach by Ackman’s Pershing Square Tontine Holdings Ltd PSTH_u.N underscores the scale and ambition of the types of deals Ackman is pursuing with the new vehicle, which raised $4 billion through an IPO on the New York Stock Exchange earlier this year to buy a private company. A deal for Airbnb at the company’s roughly $18 billion valuation in a debt deal earlier this year would be the largest SPAC transaction ever.Merging with a SPAC has emerged in recent months as an increasingly popular alternative to an IPO. The likes of sports betting platform DraftKings Inc and electric vehicle maker Nikola Corp have gone public this year through reverse mergers with SPACs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
fine with me. i wouldn't want airbnb inside this spac. would have to sell my shares at that point
Is not really a blank check is it now?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Outspoken investor Chamath Palihapitiya invested in this manufacturing company — here's his thesisSocial Capital founder and CEO Chamath Palihapitiya laid out the reasons why he invested in a merger between a blank check company and manufacturer Desktop Metal. Pro LOVE THIS GUY CHAMATH.. HE IS A FUCKING GENIUS!!
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Zoom Video, Walmart, Penn National Gaming, Apple & moreCheck out the companies making headlines in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Tesla, AMC, DraftKings, Peloton & moreCheck out the companies making headlines in midday trading. People are buying stocks of elonmusk ...................not Tesla What ever happened to those “analysts” who were always down on tesla... so quiet now... miss their head butting antics and resulting stupid thoughts... should wake em up to see how they are feeling.
Source: CNBC - 🏆 12. / 72 Read more »
Jamie Dimon almost became CEO of Home Depot, says company founder Arthur Blank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.
Source: BusinessInsider - 🏆 729. / 51 Read more »