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Bill Ackman’s Pershing Square files for IPO on the NYSE
Pershing Square aims to raise at least $5 billion with $2.8 billion already committed through a dual listing of common shares and a closed-end fund on the NYSE.
- On Tuesday, Pershing Square filed to list on the NYSE, planning a dual listing of Pershing Square and Pershing Square USA under tickers PS and PSUS.
- The listing aims to give public investors a stake in Bill Ackman, CEO of Pershing Square Capital Management's concentrated large‑cap portfolio, as there had been no public market for Pershing Square common stock before this combined offering.
- The firm has already secured $2.8 billion in commitments from family offices, pension funds, insurance companies and ultra‑high‑net‑worth investors, and PSUS is priced at $50.00 per share with 20 PSI Shares per 100 PSUS Shares allocated.
- The deal employs a dual‑listing structure with concurrent listing of common shares and PSUS on the NYSE; these securities will trade separately, allowing investors to buy or sell each independently.
- Pershing Square is seeking to raise at least $5 billion in the IPO, and Bill Ackman's profile could draw broad investor attention to the New York Stock Exchange listing.
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The offer represents a new attempt by the billionaire to take its long-term investment strategy to a broader basis of investors, with an inspired vision in Berkshire Hataway Inc. by Warren Buffett
·Brazil
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Bill Ackman’s Pershing Square files for IPO
As Warren Buffett leaves the investing stage, an aspiring successor is trying to emulate him — again. Bill Ackman filed today to take his investment firm public. He has long described Pershing Square as a mini-Berkshire Hathaway — a stable of blue-chip companies, held for the long term with minimal meddling from above. That stable could also include a fleet of funds of various flavors: One to help take public large startups that would once have …
·New York, United States
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Coverage Details
Total News Sources25
Leaning Left3Leaning Right2Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 22%
C 64%
14%
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