Pershing Square Capital Management CEO Bill Ackman joins Yahoo Finance’s Julia La Roche and Akiko Fujita to discuss the public debut of Tontine Holdings, and what he looks for when investing.
#BillAckman #Unicorninvesting #SPAC
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
What is this?
He’s pooling money and then he’s going to find someone that needs it. A merger with another company
Just another way for the 1% to keep their distance from the 99%
People hate the 1% so much yet use all their products every single day,how do u think they became the 1 per cent
Everybody can buy stocks and part of the growing economy
it is listednin the exchange andu csan have exposure to it unlike IPO’s. Its way harder to participate in the ipo than a spac
@Ford H This dude gets it
@Ford H I worked on some SPACs when I was working for an investment bank… the sponsors of SPACs legit makes x10-20 of their investment for no work lol.. but yeah that’s also risky cause if the sponsor doesn’t find a target (unlikely here) he looses it all
Quite well this year, this bish in white is doing the most naive statement ive ever heard. Hahahah
Good job
Short More Junk Bond 🔥🔥🔥🔥🔥🔥🔥🔥
😎😎😎😎😎😎😎😎😎😎😎
Goodbye Free Financial Market
COOL
whats the difference between a SPAC and a holding company?
Already put thousands into it
These videos won’t get that much views. And people complaining the rich are mean and cruel. Lol
Many are, Bill Ackman is not… it’s almost as if wealth exacerbated your actual personality
You mean to tell me people spend years binge watching Netflix and Kim Kardashian instead of focusing on finances only to end up broke? 😂 people will never take accountability for their shortcomings. 🤦♂️
Number of people per square foot approaching 7 or something like that 🤣 imagine that! You’d need vertical cubicles
Even I thought about it for a second, could he be referring to the Manhattan commercial buildings which have 30 or more floors ?
Thank you for the video Bill Ackman!
Ackman is a lizard. Ackman: Hell is coming
5:16 Bill said the SPAC will acquire 15-20% of the target company, but I thought the target’s company enterprise value should constitute at least 80% of the SPAC’s net assets. So is the whole $4 billion that is being raised only to acquire a minority interest?
Yeah. Take DEAC for example which was a SPAC that reverse merged to become DraftKings under DKNG. DEAC IPO’d at $400 million which was used to acquire a minority share of DKNG and enable DKNG to go public via a much quicker route than a traditional IPO
@Jared Carpenter Thanks for the explanation, I wrongly assumed since now that SPACS mostly acquire a controlling interest rather than a minortiy one.
Yeah, boring. Lets fucking take a little risk.
Most investors also choose to take their money out once the merger is announced so usually not a lot of monies stay in the vehicle..
Why doesn’t the spac reveal who the company is there acquiring?
Lemarz so how do I know the spac I’m investing in is any good?
alexander leo You don’t. You look at the fee structure (minimal management), who’s managing it (Bill Ackman), and you make a bet. I personally think this kind of SPAC is a new trend, a more effective way of raising money, so Ackman will have a lot of incentive to show that it works.
Adrian Lam it’s like a mystery box lool
If you buy the SPAC stock right now , you are basically betting on Ackman and his team. Ideally you would want to wait for some time to know about the company they are acquiring. Many investors fear that this spac is going to take off, when he makes the reverse merger announcement ,so they think they are getting ahead of the curve by buying it right away.
anvit shetty does the spac remain a stock one the company ipos? Or your shares just get converted into shares for the company
Production value at Yahoo is amateurish at best!
Reminds me of CCTV
Ticker is psth/u
How does one invest in this? I don’t see symbol on brokerage app
PSTH^
He’s playing pokerstars in the background.
Pretty boring dude for a liberal. He hides his crazy well.
OR you could line yourself up to be SCREWED an marry WeWork or the such LOL…. Bill has been so WRONG too many times, I would not give him a $1 of mine…
TURN COMMENTS BACK ON ON THE YAHOO WEBSITE!!!