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. | |
---|---|---|
+111.71% | 6.55B | |
+98.02% | 1.23B | |
+2.52% | 986M | |
+14.96% | 752M | |
+2.11% | 666M | |
+2.33% | 620M | |
-.--% | 600M | |
+8.61% | 528M | |
-.--% | 500M |