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. | |
---|---|---|
+184.34% | 6.96B | |
+2.19% | 982M | |
+41.91% | 872M | |
+27.56% | 830M | |
+1.82% | 664M | |
+5.92% | 642M | |
-.--% | 600M | |
+3.61% | 503M | |
-.--% | 500M |