Billionaire Bill Ackman lifts acquisition company's IPO target to record $4 billion

Billionaire Bill Ackman lifts acquisition company's IPO target to record $4 billion

Business Insider

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· *Bill Ackman's special purpose acquisition company, Pershing Square Tontine Holdings, raised its IPO target to $4 billion from $3 billion, according to a Monday regulatory filing.*
· *The SPAC now aims to go public with 200 million units priced at $20 each. The new target should set a fresh record for SPAC IPO proceeds.*
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