Hedge fund manager Bill Ackman said on Tuesday that is his new portfolio in the United States will raise roughly $2 billion in capital, a fraction of the $25 billion the billionaire investor had initially expected to bring in.
Pershing Square USA, Ackman’s first new investment vehicle in a decade, expects to sell up to 40 million shares priced at $50 each. It will begin trading on the New York Stock Exchange under the symbol PSUS on August 6, a person familiar with the matter said on Tuesday.
Source: REUTER
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