Skip to main content

Bill Ackman's Pershing Square USA withdraws US IPO

·1 min

Image
Pershing Square USA announced the withdrawal of its initial public offering (IPO), following the disclosure of a $2 billion capital raise by hedge fund manager Bill Ackman’s new portfolio. Ackman stated that he would revisit the IPO once he is ready to launch a revised transaction. The fundraising target for the new fund was significantly lower than the initial expectation of $25 billion.