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Barchart
Pathikrit Bose

Forget Bill Ackman's IPO, Check Out the Billionaire's Favorite Stocks Instead

Bill Ackman IPO Alphabet Hilton QSR Pershing Square USA Chipotle Pershing Square Burger King CMG

Bill Ackman, the maverick CEO of Pershing Square Capital Management, is one of the world's most celebrated hedge fund managers. With close to $20 billion in assets under management (AUM) and a cult-like following on social media, Ackman's plans for an initial public offering (IPO) have attracted quite a bit of attention. However, the expected U.S. debut of Pershing Square USA, a version of which already exists in Europe, is facing some key hurdles.

First, Ackman has significantly reduced the IPO size, and now plans to raise $2.5 billion to $4 billion for the fund. This is a far cry from the $25 billion fundraising target announced just a few weeks ago. Then there is the delayed timeline, with no reason given - though Bloomberg now reports that pricing is expected on Aug. 5 after the close, with the IPO to debut the next day. 

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