Bill Ackman's Pershing Square Completes $5 Billion IPO, Attracting Mostly Institutional Investors
Bill Ackman's Pershing Square has completed a $5 billion IPO, marking the largest closed-end fund IPO in U.S. history. The offering fell short of Ackman's initial $25 billion target and was dominated by institutional investors, with only a small portion allocated to retail investors through partnerships with Robinhood and Charles Schwab.
Tickers: $HOOD $SCHW $SCHW PRD
Topics: hedge fund institutional investors IPO Pershing Square retail investors