US EditionAckman's Pershing Square targets $5 billion IPO for closed-end fund
Bill Ackman targets $5 billion IPO with $2 billion from institutional anchors, aiming for lower fees, faster access, and free shares to broaden investor appeal.
7 Articles
7 Articles
Ackman’s Pershing Targets $5 Billion IPO for Closed-End Fund
Billionaire hedge fund manager Bill Ackman aims to raise $5 billion for his US-listed closed-end fund, including $2 billion from well-known institutional investors anchoring the deal, according to people with knowledge of the offering.
Ackman's Pershing Square targets $5 billion IPO for closed-end fund
Hedge fund manager Bill Ackman aims to raise $5 billion for a new U.S.-listed closed-end fund that will debut at the same time he plans to list his hedge fund firm, Pershing Square Capital Management, according to two people familiar with the matter.
Report: Bill Ackman Targets $5 Billion for New U.S. Closed-End Fund Offering
NEW YORK – Billionaire investor Bill Ackman is seeking roughly $5 billion for the planned U.S. listing of his new closed-end fund, according to Bloomberg News, which cited people familiar with the matter. Bloomberg reported that about $2 billion of that target is expected from major institutional anchors. The fund’s IPO is slated to debut […]
Ackman eyes $5bn IPO for new closed-end fund and firm listing
Billionaire investor Bill Ackman is targeting a $5bn initial public offering for his US-listed closed-end fund, to be launched alongside an IPO of his hedge fund firm Pershing Square Capital Management, according to a report by Bloomberg. As part of the launch, early investors in the closed-end fund are to receive free shares in Pershing Square as an incentive. Up to 10% of the firm’s equity may be offered in tandem with the dual listing. $2bn o…
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