Pershing Square Begins IPO Roadshow for Combined Offering
Pershing Square has initiated its IPO roadshow for a combined offering that includes its management company and a new investment fund, Pershing Square USA. The IPO is expected to raise between $5 billion and $10 billion, with shares priced at $50 each, and is set to list on the New York Stock Exchange. The offering is notable for combining a traditional asset management business with a new fund in a single transaction.
Topics: Bill Ackman Investment Funds IPO Pershing Square Public Markets