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By Staff Reporters
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Bill Ackman’s fund postpones IPO
The billionaire hedge fund boss and frequent main character on X has delayed the stock market debut of the closed-end fund Pershing Square USA, which was scheduled for early next week, a notice on the New York Stock Exchange’s website said.
The decision to wait came days after Ackman said in a letter to investors that the firm was downsizing its expectations for the share sale from a target of about $25 billion (which would have made it the largest-ever IPO of its kind) to something between $2.5 billion and $4 billion.
Ackman has a similar fund already trading shares in Europe and has hinted he might take his larger firm, Pershing Square, public as soon as next year.
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Filed under: "Ask-an-Advisor", Experts Invited, Investing | Tagged: Ackman, Bill Ackman, IPO, NYSE, Pershing Square USA | Leave a comment »
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