Bill Ackman expected to raise half of top target in second IPO push
Listing for Pershing Square USA set to bring in about $5bn after setting range as high as $10bn
Listing for Pershing Square USA set to bring in about $5bn after setting range as high as $10bn

Billionaire investor seeking to take investment group public as early as the first quarter of next year

Weak investor demand hits hedge fund chief’s scaled-back double offering

The hedge fund manager is seeking to extend his Pershing Square portfolio in multiple vehicles

Strategy would echo doomsday trades that earned Pershing Square a big windfall during the pandemic

The US needs more public listings but the regulatory pendulum may be swinging too far

Despite the increasing supply of private capital, going public is still an important step in the life of a business