US EditionBig Tech earnings, Powell's decision, Pershing Square IPO and more in Morning Squawk
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5 Articles
Bill Ackman's Pershing Square USA tumbles 18% in its stock-market debut
Pershing Square USA had a tough first day of trading, falling double digits during Wednesday’s session. Loading audio narration… The IPO marked Bill Ackman’s public trading trading debut. The hedge fund legend has been vocal about his aspirations to operate a fund like Warren Buffett’s Berkshire Hathaway. Pershing Square USA, the firm’s close-end fund, trades under the ticker PSUS while Pershing Square, the firm’s asset management arm, is liste…
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The shares of Bill Ackman's new equity fund fell by 18 per cent in their stock market debut on Wednesday, having struggled to mobilize its community on social networks to attract private investors, reports the Wall Street Journal.
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