Iron Horse Acquisition, a blank check company formed by executives of Cerberus Capital Management, withdrew its plans for an initial public offering on Thursday. It had originally filed to raise $500 million by offering 50 million units at a price range of $10, but later downsized its proposed offering to only 30 million units at the same price.
The New York, NY-based company was founded in 2017 and had planned to list on the NYSE under the symbol LOU.U. Citi and Goldman Sachs were set to be the joint bookrunners on the deal.
