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결론: 빌 애크먼의 SPAC 'Pershing Square Tontine Holdings(PSTH)'가 상장 첫날 9% 상승해 긍정적으로 보지만, 기업 합병 전까지 리스크가 있어 신중히 접근해야 한다는 입장. [SPAC 개념 설명] - SPAC(기업인수목적회사)은 IPO로 자금을 모아 기존 비상장 기업을 인수하는 무영업 회사다. - 비상장 기업이 상장하는 비교적 쉬운 경로로 설명된다. [PSTH 기본 정보] - 애크먼의 퍼싱스퀘어 캐피털이 스폰서이며, 2020년 7월 뉴욕증시(NYSE) 티커 PSTH로 상장. - 2억 유닛을 유닛당 20달러에 발행해 40억 달러를 조달, 역대 최대 SPAC IPO로 소개. - 퍼싱스퀘어 관련 펀드가 최대 30억 달러 추가 투자를 약속해 총 70억 달러 규모. [합병 대상 기준] - '성숙한 유니콘'을 찾으며, 고품질 IPO 후보, 입증된 성장성, 잉여현금흐름, 높은 진입장벽, 자본경량 모델, 튼튼한 재무구조를 기준으로 제시. - 예시로 Stripe, Airbnb, SpaceX, Palantir가 언급됨. [애크먼 과거 투자 이력] - 성공 사례: MBIA(채권보험), 웬디스, 제너럴그로스프로퍼티(약 16억 달러 수익), 캐나다퍼시픽 철도(약 14억 5천만 달러 매각 차익). - 실패 사례: 발리언트 제약(30억 달러 이상 손실), 허벌라이프 공매도(10억 달러 규모, 2012년, 큰 손실). [시장 반응 및 전망] - 상장 첫날 공모가 20달러 대비 약 9% 상승, 저가 20.76달러 / 고가 22.22달러 범위. - 진행자는 약 21달러 부근을 매력적인 진입점으로 보며, 단기간 내 큰 수익 가능성을 언급. - 다만 모든 투자에는 리스크가 있으니 자체 실사와 리스크 관리를 강조. [기타] - 일부 증권사(로빈후드 등)는 당시 미지원, 진행자는 TD 아메리트레이드 thinkorswim 사용. - 합병 대상은 아직 미정이며 향후 정보에 따라 진입을 검토하겠다는 입장.
다듬은 글
hey everyone welcome to prosperous life finance where i help educate you in becoming a better trader and investor in this video we're going to be taking a look at pershing square taunting holdings but before we start i would love to thank each and every one of you for all the support which i have been receiving and we are now on the road to 400 subscribers i would love for all of you guys to join the prosperous life family and all you got to do is simply give this video a like and also subscribe i want to create the largest community of traders and investors where we all help each other in order to grow and expand within our investing and trading journey so without further ado let's go ahead and get started so we see here how bill ackman's blank check company pershing square taunting holdings actually started trading last week on the new york stock exchange under the ticker psth so starting off let's go ahead and see what a blank check company is so a blank check company is also known as a spac which is a special purpose acquisition company and as you can see here a spec is a company with no commercial operations that has formed strictly to raise capital through an initial public offering which is also known as ipo for the sole purpose of acquiring an existing company and we can see here these have been around for decades and have received lots of traction and popularity throughout the past few years so we can see here a spack is formed to raise money through an ipo in order to buy another company now what this does is actually help the private company go public through a more easier route as opposed to a traditional initial public offering investors and specs can range from well-known private equity funds to the general public so this new special purpose acquisition company actually belongs to the hedge fund billionaire bill ackman and as you can see it is the biggest blank check ipo ever after an initial public offering which raised 4 billion dollars starting off the special purpose acquisition company which was sponsored by ackman's purchasing square investment firm offered 200 million units at 20 each as you can see here the pershing square taunting holdings is expected to hunt for a quote unquote mature unicorn which means a firm with big scale and market share looking at more information we see how they say that while comparably sized or larger investment funds generally seek to acquire controlling or 100 interest in diversified portfolios of companies pershing square taunting holdings intends to merge with one private company a statement said each unit consisted of one shirt of common stock and one night of a redeemable warrant which is exercisable at 23.
alongside that the funds tied to ackman's firm have committed to invest up to three billion dollars more to the newly organized blaine check company and with the four billion dollar in ipo proceeds the seven billion dollar in total value also makes the persian square taunting holdings the largest special purpose acquisition company on record so while we all don't know the exact company which they plan to actually merge with we actually do have a model which they follow so you can see here pershing square taunting will actually primarily target high quality ipo candidates with a proven track record of growth and free cash flow formidable barrier to entries a capital light model as well as other factors which include a strong balance sheet and looking here on this website some can include companies such as stripe airbnb spacex or palantir so i do think this is exciting because as of recently there are a number of special purpose acquisition companies which have actually had lots of successful mergers and acquisitions and once again for all of the early investors that got in there was a great significant return now one thing to always know is that there is always risk involved in every investment and trade you make so i always urge all of my viewers to create their own due diligence and research before placing their money in any stock or investment so just some quick background about bill ackman as we can see here he is an american investor and a hedge fund manager he is the founder and a ceo of personal square capital management which is a hedge fund management company let's actually take a look at some of bill ackman's past investments and see all of the positive and negative ones he's had throughout his career as we can see one of his big investments include the municipal bond insurance association which was actually one of his biggest successes before he found pershing another great investment he also made was with the wendy's company alongside that he had a great investment with the general growth properties which actually netted the hedge fund a whopping 1.6 billion dollars in return on a 60 million dollar investment and alongside that another great investment he is known for is the canadian pacific railway in which after acquiring 14.2 percent stake in the company he was able to sell part of the stake which was valued at approximately 1.45 billion dollars alongside every great investor there are obviously going to be some investments which do not always go your way and as we can see here one of the most notable misses he has had is taking a loss of more than three billion dollars with a company called valiant pharmaceuticals alongside here another notable loss he is known for is for actually sorting yerba life limited as you can see here he entered into a short position worth one billion dollars in the year 2012 and actually lost lots of money on this so one thing to know is that bill abbott himself is a very very great investor and hedge fund manager and has had lots of success throughout his career now even though he has had some downfalls i do think that all of his positives actually outweigh the negatives going up here we see how the blame check company actually went up over nine percent on its trading debut and what this shows is actually confidence behind demand of this special purpose acquisition company so as you see here this special purpose acquisition company is actually listed on the newer stock exchange under the symbol psthu so i would urge you guys to check that it is first available on your brokerage firm it should be available throughout most brokerages but there are a few which i believe do not have it yet which include robinhood so here on the screen we're looking at the td ameritrade think or swim trading platform which is my platform of choice as you can see here when the stock opened at twenty dollars it did have a search of nine percent within the first day now this stock is very new so there is not too much information we can get just yet but we see how the lowest price as of now was 20.76 and the highest was 22.22 cents we're currently looking at a 10-day chart as you can see it's in a slight consolidation just kind of going back and forth as of now personally this is one stock which i'm going to have a very close look at in order to initiate a position once i personally see more information come out of this stock whether you are a long-term investor or a short-term trader always stick to your original game plan and always have proper risk management so with that being said once again with the nine percent increase within the first day of trading that actually does tell a lot about this stock as many investors are actually very bullish due to the fact that bill ackman is behind this special purpose acquisition company now i do personally think that he does have very great potential in order to give all of their investors a very great return over a long period of time so once again this was a look at pershing square taunting holdings so now i want to go ahead and ask you guys what do you guys think about this spec do you think that bill ackman will actually go big on this one and actually have a great return to all of investors i would like to know your own personal opinion of this back down in the comments below i personally do think that this back actually does have lots of potential since bill ackman is actually known for actually going big on lots of his investments once again with every investment there is always risk but i do think that is such a great entry point at around 21 dollars per stock as of right now i do believe that this has a possibility to actually return a larger amount within the near future so if you guys are seeing some valuable information in this video go ahead and like and subscribe once again i would love for all of you guys to join the prosperous life family where we are all a community that help each other grow as investors and traders so i hope you guys enjoyed the video thank you guys for watching and i will see you guys in the next video
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