Bill Ackman's Pershing Square withdraws IPO as demand for offering waned

Bill Ackman’s hedge fund, Pershing Square USA, has withdrawn its plans for an initial public offering (IPO) due to decreased investor demand. Ackman intends to return with a revised plan for the IPO, which was originally modeled after Berkshire Hathaway. Ackman stated that the decision to reevaluate the structure of the IPO was prompted by investor concerns about whether it would be more advantageous to wait and invest in the aftermarket. Further updates will be provided once the revised transaction is ready to launch.