Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2715)	7/9/2020 4:50:12 PM
From: sixty2nds	1 Recommendation Recommended By Glenn Petersen Respond to of 3862

seekingalpha.com Ackman set to launch biggest blank-check IPO next week - WSJ Jul. 9, 2020 4:11 PM ET\|About: Pershing Square Tontine Hol... (PSTHU)\|By: Liz Kiesche, SA News Editor After some of his high-profile bets soured between 2015 and 2019, hedge-fund billionaire Bill Ackman has rebounded, with his Pershing Square Holdings returning 29% in H1 2020. His next bet, what may be the biggest ever so-called blank-check IPO, is set to debut next week, the Wall Street Journal reports. The special-purpose acquisition company, Pershing Square Tontine Holdings, will raise capital through an IPO with the goal of purchasing a company, which hasn't been chosen yet. Ackman's IPO aims to raise ~$3.5B and Pershing Square could add a few more billion, bringing the total amount the SPAC could invest to almost $6.5B, the WSJ said. Last month, it filed to sell up to 172.5m units at $20 each for a proposed maximum aggregate of $3.45B and plans to trade under the symbol "PSTH.U" on the NYSE.