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Bill Ackman's Investment Firm Eyes NYSE Listing
24 Apr
Summary
- Pershing Square Inc. plans IPO with 33.12 million shares.
- Offered shares priced at $50 per share.
- Investors get bonus shares in related Pershing Square USA.
Bill Ackman's investment firm, Pershing Square Inc., is preparing for an initial public offering on the NYSE under the symbol PS. The company intends to offer approximately 33.12 million shares, with an anticipated price of $50 per share.
This IPO is coordinated with a concurrent offering for Pershing Square USA, Ltd., which will trade as PSUS on the NYSE. Pershing Square USA is also a closed-end management investment company.
Investors participating in the Pershing Square USA IPO will receive an incentive: 20 shares of Pershing Square Inc. for every 100 shares purchased in Pershing Square USA, at no additional cost. Both companies are managed by Pershing Square Capital Management.
