Bill Ackman Launches Dual IPO for His Fund, Aiming to Replicate Berkshire Hathaway Model
Bill Ackman has launched a dual IPO for his Pershing Square fund, priced at $5 billion, marking his second attempt to create a Berkshire Hathaway-style permanent capital vehicle. The structure includes two tickers, PSUS and PS, with retail investors favored over institutions and no performance fees. Despite the IPO's lower-than-expected valuation, the fund has historically outperformed the S&P 500.
Topics: Berkshire Hathaway Bill Ackman Howard Hughes Corp IPO Pershing Square