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IPO Alert: You'll Soon Be Able to Invest Alongside Billionaire Bill Ackman

The Motley Fool

Pershing Square USA will have no assets to start, other than a relatively small amount of cash on hand that will cover the investment banking expenses related to the IPO itself. Plus, unlike hedge funds, Pershing Square USA will be available to all investors, not just those who meet the definition of an accredited investor.