US EditionBill 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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Bill Ackman is a self-described ‘Buffett devotee’—and wants his $28 billion Pershing empire to be the ‘modern-day’ Berkshire
Bill Ackman has never been one to temper his ambitions, but by filing to take Pershing Square public, he may have taken the first step toward reaching his biggest goal yet—to create his own “modern-day” Berkshire Hathaway by following in the footsteps of one of the world’s most successful investors, Warren Buffett. Pershing Square Capital Management on Tuesday filed to be listed on the New York Stock Exchange, Ackman’s second attempt to take the…
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
Bill Ackman moves to take Pershing Square hedge fund public
Billionaire investor Bill Ackman is taking his firm, Pershing Square Capital Management, public on the stock market while launching a new investment fund that aims to raise billions from everyday investors and major financial institutions.
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 …
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