Billionaire investor Bill Ackman has revealed he is in the process of “redesigning” the Pershing Square USA (PSUS) IPO, after he decided to scrap his plans to float last month.
In Pershing Square Holding's (PSH) interim results published on Thursday (15 August), he said that since pulling the offer, the trust's discount has widened, after "substantially" narrowing during the IPO offer period. Although he did not provide any further details on the plans to revamp the US IPO, Ackman said the team is "limited in what we can share about these plans due to regulatory reasons", but will keep shareholders informed about the number of "strategic initiatives". Ackman's US IPO withdrawal casts doubt on lower performance fees for Pershing Square Holdings The launch ...
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