Bill Ackman’s blank check company raises $4 billion in U.S. IPO

(Reuters) – Pershing Square Tontine Holdings Ltd has raised $4 billion in its U.S. initial public offering, the blank check company backed by billionaire investor Bill Ackman said on Wednesday.

The firm sold http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200722:nBw9dglnRa 200 million units at $20 each making it the largest ever IPO by a special purpose acquisition company.

(Reporting by C Nivedita and Joshua Franklin; Editing by Shinjini Ganguli)