The Pershing Square USA IPO will be in the form of a closed-end fund, and is expected to hold many of the same positions as Ackman's other vehicles.
Bill Ackman , CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.The firm will also give its underwriters the option to purchase up to six million additional shares, according to an announcement from the firm.
The Pershing Square USA IPO will be in the form of a closed-end fund, and is expected to hold many of the same positions as Ackman's other vehicles. Pershing Square also has a closed-end fund in Europe, which trades at a discount to its net asset value.on Friday. At one point, Pershing Square was looking to raise as much as $25 billion, according to The Wall Street Journal and Bloomberg News. Ackman then said in a letter to strategic partners last week that he was expecting between $2.
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