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Ackman’s Blank-Check Company Boosts IPO Target to $4 Billion

  • Firm could eventually raise $7 billion with help from Pershing
  • SPAC will target large private companies, ‘mature unicorns’
Bill Ackman
Bill AckmanPhotographer: Patrick T. Fallon/Bloomberg
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Bill Ackman’s blank-check company increased the size of its initial public offering, aiming to raise $4 billion for an unspecified acquisition.

Pershing Square Tontine Holdings Ltd. is now marketing 200 million units for $20 apiece, according to a regulatory filing Monday.