15h ago
Bill Ackman Launches Massive $5b Combined Ipo For Pershing Square
Bill Ackman (@BillAckman) has officially launched a dual IPO for Pershing Square USA (PSUS) and its parent company Pershing Square Inc(PS).
The offering targets an initial raise of at least $5 billion, with a hard cap of $10 billion, and incentivizes participants with one $PS share for every five $PSUS shares purchased at $50.
All net proceeds will flow directly into the $PSUS investment fund, while the management entity $PS prepares for a secondary listing on the New York Stock Exchange.
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