Deals
Ackman’s Blank Check Company Could Raise Up to $6.45 Billion
- Initial share sale of $3 billion would be biggest SPAC ever
- Ackman’s Pershing Square to contribute perhaps billions more
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Bill Ackman’s blank check company is seeking to raise as much as $6.45 billion through an initial public offering combined with a commitment from the billionaire’s hedge fund.
The company known as Pershing Square Tontine Holdings Ltd. doesn’t specify what sectors it will be targeting, according to a regulatory filing Monday, according to a regulatory filing Monday.