The much-anticipated initial public offering (IPO) of billionaire investor Bill Ackman‘s Pershing Square closed-end fund has been postponed, as confirmed by the New York Stock Exchange (NYSE.)
What Happened: On Friday, the NYSE announced on its website that the listing of Pershing Square USA Ltd. has been delayed, with a new date yet to be disclosed.
Pershing Square refrained from commenting further but issued a statement clarifying that the IPO is still proceeding, with the pricing date to be announced later.
See Also: Lindsey Graham Says ‘Americans Are Struggling, And Our Country Is Heading In The Wrong Direction’
The delay comes amid Ackman’s concerns about the size of the transaction and the novelty of the structure. He expressed these concerns in a July 24 letter to investors, emphasizing …
Full story available on Benzinga.com
The much-anticipated initial public offering (IPO) of billionaire investor Bill Ackman‘s Pershing Square closed-end fund has been postponed, as confirmed by the New York Stock Exchange (NYSE.)
What Happened: On Friday, the NYSE announced on its website that the listing of Pershing Square USA Ltd. has been delayed, with a new date yet to be disclosed.
Pershing Square refrained from commenting further but issued a statement clarifying that the IPO is still proceeding, with the pricing date to be announced later.
See Also: Lindsey Graham Says ‘Americans Are Struggling, And Our Country Is Heading In The Wrong Direction’
The delay comes amid Ackman’s concerns about the size of the transaction and the novelty of the structure. He expressed these concerns in a July 24 letter to investors, emphasizing …
Full story available on Benzinga.com
The much-anticipated initial public offering (IPO) of billionaire investor Bill Ackman‘s Pershing Square closed-end fund has been postponed, as confirmed by the New York Stock Exchange (NYSE.)
What Happened: On Friday, the NYSE announced on its website that the listing of Pershing Square USA Ltd. has been delayed, with a new date yet to be disclosed.
Pershing Square refrained from commenting further but issued a statement clarifying that the IPO is still proceeding, with the pricing date to be announced later.
See Also: Lindsey Graham Says ‘Americans Are Struggling, And Our Country Is Heading In The Wrong Direction’
The delay comes amid Ackman’s concerns about the size of the transaction and the novelty of the structure. He expressed these concerns in a July 24 letter to investors, emphasizing …Full story available on Benzinga.com Read Morebenzinga neuro, Bill Ackman, News, Pershing Square USA, Warren Buffett, IPOs, Markets, General, News, IPOs, Markets, General, Benzinga Markets
