"Pershing Square, the investment fund run by famed investor Bill Ackman, has filed for an IPO, it announced on Tuesday. Ackman's fund is planning a dual listing of Pershing Square and a closed-end investment company, Pershing Square USA, on the New York Stock Exchange. The company is seeking to raise at least $5 billion in the IPO, it said in a statement announcing the planned listing."
"Shares are being offered at a price of $50.00 per PSUS Share and investors in the PSUS IPO will receive, for no additional consideration, 20 PSI Shares for every 100 PSUS Shares purchased. The planned company will be listed under the stock market tickers PS and PSUS."
Pershing Square, the investment fund managed by prominent investor Bill Ackman, announced its filing for an initial public offering on the New York Stock Exchange. The offering involves a dual listing of Pershing Square and Pershing Square USA, a closed-end investment company. The fund aims to raise a minimum of $5 billion through the IPO. Shares are priced at $50.00 per PSUS share, with investors receiving 20 PSI shares for every 100 PSUS shares purchased at no additional cost. The company will trade under the stock tickers PS and PSUS.
Read at Business Insider
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