Deals
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’
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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.