Pershing Square Tontine Holdings - PSTH - Share Chat

I missed Homer

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Personal opinion, I’m leaning to Bloomberg (after Stripe’s announcement). Seems to tick nearly all the criteria and the mix of finance, media, tech board would make sense.

Although I would prefer maybe a sexier Fintech company, if Bill lands a decent valuation for Bloomberg, I’d be happy. Bloomberg Media posted some good stats in Feb.

“Bloomberg Media expects to approach 400,000 consumer subscriptions in 2021, up from roughly 250,000 in 2020.”

“Digital ad revenue for the company was up 15% in 2020 and 44% in Q4 year-over-year. Some of that growth can be attributed to the company’s OTT video platform, Quicktake, which had its best revenue quarter in Q4 of 2020, per the note.”

“Bloomberg’s biggest advantage heading into the post-Trump era is that it’s never been dependent on political traffic. Its core focus on business and finance has helped boost its numbers, especially as the economic recovery of the pandemic becomes a bigger story following the rollout of a vaccine.”
Source

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https://www.bloomberg.com/news/articles/2021-03-14/stripe-raises-600-million-valuing-company-at-95-billion

“It will just sit on the balance sheet,” Mike Moritz, partner at Sequoia Capital and a Stripe board member, said in an interview, emphasizing that the money will just be “a rainy day fund – it pays to have a little more insurance.”

Looks like Stripe won’t even use the capital :thinking: very odd.

Maybe they’ll use it to invest in PSTH :joy:

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Happy St Psthrick’s day! :four_leaf_clover:

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Hoping for a St Patrick’s Day After Hours miracle :crossed_fingers:

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Happy St Paddy’s! Thought I’d post another poll given quite a bit has changed, based on this and other posts on reddit. I’m going to include Starlink even though I think its just not happening. Just had to remove Chime as they have spoken about an IPO. FlipKart is likeliest imo since Walmart have talked about a SPAC spinoff publicly and is reportedly worth $40b. Epic Games is really the jackpot; valued at $18b last year, Unity is trading for $30b and is waay smaller and unprofitable. Personally I think Plaid would be good as the valuation could be attractive. As for conglomerates like Mars, Cox, Cargill, I just really can’t see Bill wanting that type of target and the $5b limit seems to suggest something smaller. We also know Bill doesn’t want controversial or unethical holdings so McKinsey and JUUL are probably out as well, possibly even Red Bull on health concerns. So only mature unicorns over $15b are available to vote + Fidelity as that is 51% employee owned. As you can see, we really aren’t left with much.

Others to think about:

Forbes reporting on Telegram (still early looks like)

Paytm. Their planned timetable for IPO is in line so could very well be possible.

  • Plaid
  • Fidelity
  • Epic Games
  • Paytm
  • FlipKart
  • Starlink
  • No, you idiot, it is a conglomerate
  • Another unknown unicorn

0 voters

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You missed bloomberg. I’d love to see epic games but I feel it’s got to be something related to financial so going with plaid out of those.

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Family owned. I think its possible even with the denial but I personally believe PSTH has either successfully bagged a unicorn or they do not have a target yet (in which case, well, it could be anything).

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Anyone else dreaming of the Paddy’s Day AH DA that could of been? :cry:

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It might be quite a long while to go…

For all we know, as @dk1 says, there may not even be a target yet.

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To add a soap opera flare to it include… NYSE: HLF :smiling_imp: :rofl:

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Drowning my sorrows in guinness :smile:, I think we might be waiting for a while longer than Q1 to be honest.

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I hope it’s not RobinHood!

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:grimacing: No thanks…

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I just dipped my toe back in r/PSTH for about the past hour and:

image

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Eh its no worse than any other big sub tbf. There’s a lot of good stuff on there from time to time. There was just a DD on there that suggested Porsche, which is totally viable and lines up with the timeline (announce Q1, complete Q4). Daimler spinning off Trucks is in a similar situ (both have concrete valuations in mind and just need the cash pronto so they can ramp up investment in EVs). NVIDIA’s ARM buy probably isn’t going through now so that could also be it. I actually think its more likely they currently have a target than not, but if not its less likely to be fintech/unicorn and more a spinoff.

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Just saw this on r/psth:

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Ha, rocket road? The memes make themselves

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https://www.bloombergquint.com/business/germany-s-sausage-king-is-said-to-explore-5-billion-sale

The amount stuck out immediately.

Might update this post with a list of sales/spinoffs currently being explored along with estimated valuations :shopping_cart:

Porsche - $120-130b+

ARM Holdings - $40b

Walmart looking at SPAC for Flipkart - $35b-50b

Daimler Trucks - $25b-$35b Confirmed Frankfurt listing

Openreach back on the agenda - $30b+

Bausch + Lomb - $13b+

Fanduel - $11b

Credit Suisse Asset Management - $10b+, distressed and confirmed by CEO

IBM Infrastructure Services unit - $10b+

Polestar from Volvo, weighing SPAC - $10b+

Cetin Group - $8b

Fullerton Health - $5-10b+

Thyssenkrupp Steel - $6-7b, just declined $4b Liberty bid

Gupta’s Engineering assets - no idea what he even intends to sell but huge revenues - $5b+

Vimeo - $5b+

Nestle’s non-premium water brands - $5b

Smaller but could be bid up/need cash for M&A:

AOL and Yahoo. Seriously. $4-5b

Silicon Labs Analog unit - $3b+ Looks like entire co being acquired

IBM Watson Health - $3b+ judging by peers, “studying blank check merger”

VW-backed Gett via SPAC - $2b+

There was a thread here the other day analysing the performance of spinoffs but I cannot find it.

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