Billionaire Bill Ackman plans an IPO for Pershing Square investment firm, potentially valuing it at $10.5bn.
Billionaire investor Bill Ackman plans an IPO for his Pershing Square investment firm as early as next year, potentially valuing it at $10.5bn. The IPO comes amid a booming stock market and follows a recent funding round where Ackman sold a stake in the firm, with the funds used to seed additional investment funds. The move could increase Pershing Square's visibility and provide it with more capital for future projects.
May 31, 2024
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