|Bid||8.94 x 43500|
|Ask||8.95 x 39400|
|Day's range||8.83 - 9.02|
|52-week range||5.63 - 10.69|
|Beta (5Y monthly)||0.29|
|PE ratio (TTM)||N/A|
|Earnings date||28 Oct 2020 - 02 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.61|
Zynga (ZNGA) launches Harry Potter: Puzzles & Spells, a Match-3 mobile game featuring the soundtrack and voiceover recordings from the original Harry Potter films.
(Bloomberg) -- Billionaires Peter Thiel and Richard Li have created a SPAC targeting “new economy” technology, financial services and media companies in Southeast Asia.In a Wednesday filing with the U.S. Securities and Exchange Commission, Bridgetown Holdings Ltd. described itself as “a blank check company” created to recombine businesses through purchases, reorganizations and other means. It is seeking to raise $575 million.The group’s sponsor, Bridgetown LLC is a collaboration between Thiel Capital, Thiel’s personal investment vehicle based in Los Angeles, and Pacific Century Group, a Hong Kong-based investment company founded by Li.The Bridgetown blank-check company is led by Chairman Matt Danzeisen and Daniel Wong, the chief executive officer and chief financial officer.Danzeisen, who married Thiel in 2017, manages private investments for Thiel Capital, which has incubated and launched venture firms including Valar Ventures, Founders Fund and Mithril, as well as a fellowship program that pays college students to drop out and become entrepreneurs.Wong is a senior vice president at Pacific Century, where he leads corporate finance, venture investments and mergers and acquisitions.Bridgetown board members will include Sam Altman, the former Y Combinator president, who is now the chief executive of OpenAI; John “Jay” Hass, a partner at RRE Ventures and In Joon Hwang, the chief financial officer of Line Corp.With the Bridgetown filing, Thiel and Li are following other tech and business leaders who have fueled a record year for blank-check companies, or SPACS, which stands for special purpose acquisition companies.The two are entering a crowded space where potential targets are being acquired quickly. This year, 109 SPACs have raised more than $40 billion in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. That’s more than half the total raised by SPACs in all previous years, the data show.A SPAC backed by LinkedIn Corp. co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus raised $600 million in an IPO last week.Billionaire investor Bill Ackman, whose $4 billion SPAC that went public in July is the largest ever, has already spoken to Airbnb Inc. and Stripe Inc.(Updates with context starting in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Zynga (ZNGA) closed at $8.70 in the latest trading session, marking no change from the prior day.