Blank Check IPOs (SPACS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Blank Check IPOs (SPACS)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

sixty2nds

To: Glenn Petersen who wrote (3119)	1/11/2021 1:20:05 PM
From: Glenn Petersen	1 Recommendation Read Replies (1) of 3862

A clue on the PIPE valuations. IPOF closed at$12.12 the day before they announced their merger with SoFi. According to the investor presentation, the $1.225 billion PIPE was priced at $10.00, not an unacceptable discount for a PIPE investment. Given that the stock popped to $18.74 the next day, a nice windfall for the PIPE investors, which included the sponsor. PSTH is selling at at 45% premium to its liquidation value. When it announces a deal, will any PIPE investors be let in at $20,00 per share, or will the deal be priced somewhere closer to the prevailing price?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next