Ackman’s US closed-end fund set to debut at $50 per share
Seeking $25B from retail investors, Pershing Square's upcoming offering could become the largest closed-end fund in the country.
Bill Ackman’s Pershing Square set the initial public offering price of its US closed-end vehicle at $50 per share, as the billionaire’s firm moves ahead with what could be the largest ever closed-end fund in the US.
The vehicle, known as Pershing Square USA Ltd., didn’t mention the nu
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