PSHZF - Pershing Square Tontine's New SPARC Structure: A True Attempt To Democratize The IPO Process
- SPACs are marketed as a unique way that allows retail investors upfront participation in going-public transactions.
- Leakages embedded in the structure of most SPACs result in retail investors getting the short end of the stick in most cases.
- Pershing Square Tontine and its sponsor Pershing Square Holdings is an exception - their new SPARC structure unveiled Friday gets them closer to the holy-grail of democratizing the IPO process.
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Pershing Square Tontine's New SPARC Structure: A True Attempt To Democratize The IPO Process