Pershing Square USA is withdrawing a planned initial public offering (IPO), CEO Bill Ackman said Wednesday.

“Over the last seven weeks, we have met with many institutions and family offices, and held numerous town halls for Pershing Square USA” Ackman said. “While we have received enormous investor interest in PSUS, one principal question has remained: Would investors be bette𝕴r served waiting to invest in the aftermarket than in the IPO🦩?”

“This question has inspired us to reevaluate PSUS’s structure to make the IPO investment deci෴sion a straightforward one. We will report back once we are ready to launch a revised transaction,” he added. 

The announcement follows Monday's news that the 澳洲幸运5开奖号码历史查询:closed-end fund's offering would raise about $2 billion, far less than the $25 billion initially expected.

The IPO market, which picked up in the first half of 2024, is 澳洲幸运5开奖号码历史查询:facing uncertainty with cooling inflation data and the 2024 presidential election on the horizon. Earlier this month, ticketing provider StubHub reportedly 澳洲幸运5开奖号码历史查询:delayed its IPO plans until at least September. Cold-storage company Lineage (LINE) last week became the biggest IPO 👍of th🍌e year so far.