On July 12, 2022, William Ackman, announced that, he would be returning $4 billion to Investors after failing to find a suitable target company to take public through a merger. In a letter sent to shareholders, Ackman highlighted numerous factors, including adverse market conditions and strong competition from traditional initial public offerings (IPOs), that thwarted his efforts to find a suitable company to merge his SPAC with.
Pershing Square Tontine Holdings, Ltd.
Equities
PSTH
US71531R1095
Investment Holding Companies
1st Jan change | Capi. | |
---|---|---|
+181.03% | 6.72B | |
+1.13% | 1B | |
+2.10% | 982M | |
+41.91% | 872M | |
+19.71% | 783M | |
+1.72% | 664M | |
+41.57% | 644M | |
-.--% | 600M | |
+10.41% | 59.33M |