#Platforms / SPAC Investor Ackman In Limited Talks With Stripe For IPO

Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public… The process would involve them going through a merger with Ackman’s blank-check company.

Ackman raised $4 billion for Pershing Square Tontine in July and had $5 billion in total capital ready to deploy. He said he thought his most likely space to find a target is in private equity-backed FinTechs…

Airbnb’s denial of Ackman’s SPAC could have come from several avenues… Airbnb entering into that agreement could involve it giving up some control of operations, and it wouldn’t have the same say over its own goals.

And while Ackman’s $5 billion value isn’t small, Airbnb already had a valuation of around $18 billion as of its last fundraising. So, the vacation rental company’s decision to go for a traditional IPO shows a confidence in its standing…

https://www.pymnts.com/news/ipo/2020/spac-investor-ackman-limited-talks-with-stripe-ipo