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Pershing Square Tontine Holdings (PSTH) Is Running Out of Viable Merger Targets Now That the $95 Billion Stripe Has Become Too Expensive for SPACs

3 years ago

Anonymous $hYN7Hy7o7J

https://wccftech.com/pershing-square-tontine-holdings-psth-is-running-out-of-viable-merger-targets-now-that-the-95-billion-stripe-has-become-too-expensive-for-spacs/

Pershing Square Tontine Holdings (NYSE:PSTH), one of the most high-profile Special Purpose Acquisition Companies (SPACs) currently on the market, is fast running out of merger options.
Stripe, the payments company long considered a leading merger target for Pershing Square Tontine Holdings, broke the record yesterday when it was able to command a $95 billion valuation on the back of a $600 million funding round. Stripe is now officially the second most valuable unicorn, far ahead of SpaceX, which commands a $74 billion valuation. Nonetheless, Bytedance is still the reigning champion in this arena, with its valuation of $140 billion.

Pershing Square Tontine Holdings (PSTH) Is Running Out of Viable Merger Targets Now That the $95 Billion Stripe Has Become Too Expensive for SPACs

Mar 16, 2021, 12:22pm UTC

$hYN7Hy7o7J

https://wccftech.com/pershing-square-tontine-holdings-psth-is-running-out-of-viable-merger-targets-now-that-the-95-billion-stripe-has-become-too-expensive-for-spacs/ > Pershing Square Tontine Holdings (NYSE:PSTH), one of the most high-profile Special Purpose Acquisition Companies (SPACs) currently on the market, is fast running out of merger options. > Stripe, the payments company long considered a leading merger target for Pershing Square Tontine Holdings, broke the record yesterday when it was able to command a $95 billion valuation on the back of a $600 million funding round. Stripe is now officially the second most valuable unicorn, far ahead of SpaceX, which commands a $74 billion valuation. Nonetheless, Bytedance is still the reigning champion in this arena, with its valuation of $140 billion.