Overview
- Ackman cited investor concerns about aftermarket performance as a key reason for reevaluation.
- The fund faced a challenging market environment with closed-end funds trading below asset value.
- Major investors like Seth Klarman's Baupost Group decided against participating.
- Pershing Square USA plans to revisit the IPO structure and potentially relaunch later.
- The IPO's withdrawal may impact Ackman's other ventures, including a potential management company IPO.