Ackman’s New Fund Has Poor Debut, Drops 18% from IPO Price In First Day of Trading
Investor Bill Ackman’s new closed-end fund made a poor debut on the New York Stock Exchange, with shares of $Pershing Square USA(PSUS)$ falling 18% on the first day of trading Wednesday.The shares of...
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Portnoy Law Firm Files AMC Investor Class Action Lawsuit
A proposed securities class action has been filed on behalf of AMC Entertainment Holdings investors who bought AMC or APE securities between Aug. 18, 2022 and Nov. 11, 2023. The suit alleges AMC made materially false or misleading statements by not disclosing that a technical provision in the preferred stock certificate could allow the company to exclude APE holders from certain distributions after conversion to common stock. Investors have until April 20, 2026 to seek appointment as lead plaintiff.
Figma's shares surged 228% in their market debut on Thursday valuing the design software maker at about $53 billion, setting the stage for a flurry of high-growth tech listings and strengthening a...