July 22, 2020 / 12:10 PM / 23 days ago

Bill Ackman's blank check company raises $4 bln in U.S. IPO

July 22 (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 here 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)

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