Bill Ackman's Pershing Square aims to raise $25bn for a new closed-end fund targeting US retail investors, listing on the NYSE.
Bill Ackman's Pershing Square aims to raise $25 billion for a new closed-end fund targeting US retail investors, more than doubling the fee-paying assets it manages. The fund, Pershing Square USA Ltd., has filed plans to list on the New York Stock Exchange. Pershing Square has already raised $1.05 billion by selling a 10% stake in the firm, valuing it at $10.5 billion.
June 03, 2024
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