Pershing Square USA Shares Open 18% Below IPO Price on NYSE Debut
Pershing Square USA (PSUS) shares opened approximately 18% below their $50 IPO price on the NYSE, trading at $41. The underperformance highlights investor caution toward the fund's debut. Bill Ackman, the billionaire investor behind Pershing Square, is associated with the fund.

Topics: Bill Ackman IPO Pershing Square USA stock price