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Analysis: Spacs Turn To 'stonks' As Amateur Traders Take On More Risk - Cna

by channelnewsasia.com posted 1month ago 1 views
For Jonny Coreson, US$4 billion is worth US$5 billion. : meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners The 32-year-old test prep business owner from Denver invested US$100,000 in shares of veteran hedge fund manager Bill Ackman's special purpose acquisition company (SPAC), Pershing Square Tontine Holdings Ltd, after they soared 25per cent in December with no imminent deal in sight.

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