IPO Alert: You'll Soon Be Able to Invest Alongside Billionaire Bill Ackman
The Motley Fool
JULY 12, 2024
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. The idea is that the fund will essentially be a publicly traded hedge fund, but with lower fees and quicker access to capital.
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