Tag: Hedge funds
Bill Ackman’s Pershing Square Withdraws IPO Amid Decreased Demand
Bill Ackman, CEO of Pershing Square Capital Management LP, recently announced the withdrawal of plans for an initial public offering (IPO) for Pershing Square USA due to decreased investor demand. Despite this setback, Ackman...
Bill Ackman aims to raise $2 billion in Pershing Square fund IPO, below initial...
Hedge fund manager Bill Ackman announced at the Delivering Alpha conference in NYC that he aims to raise $2 billion in the initial public offering of Pershing Square USA. The IPO will consist of...
Hartnett: Liquidation of Overcrowded Trades Sparks Market Movement
The recent movement in the S&P may not have been as harsh, but many traders felt a sense of deja vu reminiscent of March 2020. This is because all the trades that had been...
GameStop Stock Plummets 12% After 40% Decline
GameStop shares took a hit on Monday, dropping about 12% following a significant decline of nearly 40% on Friday. This downward spiral was triggered by a disappointing earnings report and an unimpressive livestream from...
Roaring Kitty Increases GameStop Stake to 9 Million Shares
Keith Gill, also known as Roaring Kitty, has recently shown through a screenshot of his E-Trade portfolio on Reddit that he now holds over 9 million GameStop shares, along with $6 million in cash....