Bill Ackman's Pershing Square USA withdrew plans for a an initial public offering after investor demand appeared to wane from original expectations.
Bill Ackman , chief executive officer of Pershing Square Capital Management LP, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York, US, on Tuesday, Nov. 28, 2023. Bill Ackman 's Pershing Square USA withdrew plans for a an initial public offering after investor demand appeared to wane from original expectations.
But the hedge fund titan said he would be back with a revised plan for the offering for his fund, which he had wanted to"While we have received enormous investor interest in PSUS, one principal question has remained: Would investors be better served waiting to invest in the aftermarket than in the IPO? This question has inspired us to reevaluate PSUS's structure to make the IPO investment decision a straightforward one.
As of the end of June, Pershing Square had $18.7 billion in assets under management. Most of the money was under Pershing Square Holdings, a closed-end fund that trades in Europe.citing sources that Seth Klarman's Boston-based hedge fund Baupost Group opted against investing in Ackman's new U.S. fund.among retail investors. Currently, he has more than 1 million followers on social media platform X. On the platform, he has expressed his views from the U.S.
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