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Barchart
Barchart
Sarah Holzmann

Billionaire Bill Ackman’s Pershing Square IPOs Promise to Bring Hedge Fund Results to Retail Investors, but Institutions Dominated the Offerings

Bill Ackman AI Pershing Square IPO PSUs Uber

Billionaire Bill Ackman has successfully completed a landmark $5 billion combined initial public offering, bringing his hedge fund investment strategy to retail investors for the first time through a newly created closed-end fund. 

The dual listing commenced trading on the New York Stock Exchange on Wednesday, April 29, with Pershing Square USA trading under the ticker PSUS and the management company Pershing Square Inc. trading under PS. This transaction represents the largest closed-end fund IPO ever recorded in American financial markets.

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