Bill Ackman's Pershing Square USA IPO Underperforms on Debut
Bill Ackman's Pershing Square USA Ltd. (PSUS) IPO closed 18% below its offering price on its first day of trading. The IPO included bonus shares to attract retail investors, but demand remained weak. Ackman's fund focuses on a concentrated portfolio, including major tech firms.
Topics: Bill Ackman Investment Vehicles IPO Pershing Square Retail Investors