Pershing Square USA withdraws US IPO
Ackman said on Wednesday he would revisit the IPO once he is ready to launch a revised transaction.
“While we have received enormous investor interest in PSUS, one principal question has remained. Would investors be better served waiting to invest in the aftermarket than in the IPO?,” Ackman said in a statement.
The fundraising target for the new fund was a fraction of the $25 billion the billionaire investor had initially expected to bring in.
Despite the significant investor interest in PSUS, Ackman is considering whether investors would benefit more from investing in the company after its IPO rather than during the IPO itself, as part of his business strategy. Subsequently, the revised transaction for the IPO is being thoroughly evaluated by Ackman, regarding the best time for its launch in the business world.
