Bill Ackman's blank check company raises US$4 billion in US IPO

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Pershing Square Tontine Holdings Ltd has raised US$4 billion in its U.S. initial public offering, the blank check company backed by billionaire ...

Pershing Square Tontine Holdings Ltd has raised US$4 billion in its U.S. initial public offering, the blank check company backed by billionaire investor Bill Ackman said on Wednesday.

FILE PHOTO: Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike BlakeREUTERS: Pershing Square Tontine Holdings Ltd has raised US$4 billion in its U.S. initial public offering, the blank check company backed by billionaire investor Bill Ackman said on Wednesday.

The firm sold http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200722:nBw9dglnRa 200 million units at US$20 each making it the largest ever IPO by a special purpose acquisition company.

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