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Ackman seeks $3 billion for largest-ever blank-check company

Ackman seeks $3 billion for largest-ever blank-check company

Billionaire investor Bill Ackman said Monday he was looking to raise $3B and commit at least $1B for a new blank-check investment vehicle, named Pershing Square Tontine Holdings. Ackman said he plans to go public with 150M units at $20 each of Pershing. Ackman’s hedge fund, Pershing Square Capital, will invest $1B in the company, while having the option to bring the total value to $6.45B.

KCooper
KCooper
Top in Business