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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. But the fee will be waived for the first 12 months after the IPO. annualized) since its Jan 2004 inception. annualized) since its Jan 2004 inception.