Bill Ackman's Pershing Square reportedly files to create 'blank check' company worth more than $1 billion

Pershing Square Capital founder Bill Ackman filed with US regulators for an initial public offering of a colossal buyout vehicle, CNBC reported Thursday.
The billionaire investor plans to raise at least $1 billion in the IPO, potentially creating the biggest-ever special-purpose acquisition company.
Such firms raise capital from investors for takeovers. Some of the year's most popular SPAC deals include electric-truck manufacturer Nikola and sports-betting platform DraftKings.
It's not yet known