Bill Ackman’s Pershing Square USA Ltd. (PSUS), a closed-end fund, and Pershing Square Inc. (PS), the management company for Ackman’s funds, raised about $5 billion through a combined IPO and private placement on Tuesday night, April 28, 2026, the company said. The IPO was priced at $50.00 per share. The private placement alone raised about $2.8 billion.
Both Pershing Square USA (PSUS), the closed-end fund, and Pershing Square Inc. (PS), the hedge fund manager, are set to start trading on the New York Stock Exchange on Wednesday, April 29, the company said in a statement.
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