Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Publishing timestamp: 2024-05-31 09:20:08
Summary
Bill Ackman's firm is raising $1.05 billion in funding round, worth 10% of his management company Pershing Square, with the aim of eventually taking the investment firm public. Ackman has become one of the world's most prominent hedge-fund investors and is also launching a publicly traded closed-end fund.
Sentiment: NEUTRAL
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