Rumor: Pershing Square Tontine Holdings (PSTH) to merge with Stripe

There is a rumor going around that Pershing Square Tontine Holdings (PSTH) is to merge with Stripe. According to a private discord group, an employee of Stripe said their shares has been re-evaluated to $20 per share, which is coincidentally the same price Bill Ackman’s SPAC IPO’d for.

As you can see from the tweet above, the Stripe Employee’s shares got re-evaluated to roughly $20. The first image shows her valuation at a previous price and the second shows the recently re-evaluated price.

Bill Ackman says he’s had discussions with Stripe (STRIP), Airbnb (AIRB) and others which might include Robinhood about going public via his SPAC vehicle. He describes the talks as “get to know you,” and says they didn’t get to the point of due diligence. As opposed to Airbnb, which reportedly has filed for an IPO, online payment processor Stripe likely isn’t yet mature enough to go public via the traditional route.

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Jay Lorrence
Jay Lorrence

Investor of 12 years and Managing Editor of Money Midnight, a news outlet focused on highly profitable investment ideas and bold underground research.

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