Pershing Square (PSH) not the SPAC the closed fund is trading at a great discount right now. The NAV (Net Asset Value) of the fund is currently $48ish (£35) per share with shares trading at just £25. This is a great discount and makes me more interested in investing with PSH.
PSH have a particularly aggressive investing style which makes this level of discount great, their bets don’t always work out ($1bn loss on Herbalife short). It’s also a great way to get exposure to PSTH without paying the current premium on the SPAC since PSH has a relatively large stake in PSTH (especially if you look at warrants that can be exercised in the future.