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Originally Posted by DaKCMan AP
Anyone jump on PSTH.U SPAC?
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I bought some at lunch yesterday. Ill throw some money I can afford to lose at it. Ackmans had a lot of success but also Valeant so hopefully we get more of "Baby Buffet" than riding a company off a cliff. Pershings been on a real roll lately.
I skimmed part of the prospectus last night. Need to go back and read. Seems like buying now in a multiple of 9 units is optimal for flexibility. As you'll get a full warrant when the units break in 50 days.
I was trying to think what might be on their list to buy. Minority stake in a mature Unicorn
SoFi?
Stripe - this would be amazing but they just took another funding round. 2 years to close a deal though
Airbnb - I'd feel meh but it probably is a value investor type play. It was profitable pre-covid and probably pretty damaged in terms of how big a stake they can get
Palantir - they've flirted with IPO'ing last year
Unless they're going outside the US those seem like top targets. Airbnb seems to make a lot of sense. Pershings made a ton from the activist position it took in Chipotle after the scandal with making people ill from food poisoning