Reported 3 months ago
Billionaire investor Bill Ackman has abandoned the planned launch of his new fund, Pershing Square USA, just days before it was set to begin trading on the New York Stock Exchange. This decision follows a series of adjustments to the IPO plans, including a significant reduction in the expected fund size due to backing out by a key investor and increasing regulatory scrutiny. Ackman noted on social media that he and his team will reevaluate the fund's structure before proceeding with a revised transaction.
Source: YAHOO