Pershing Square Launches ⁢IPO Roadshow for New fund

⁣ Updated May 27, 2025
⁤

Bill‍ AckmanS Pershing Square capital Management has initiated the roadshow for the initial public offering (IPO) of Pershing Square USA Ltd. The⁢ closed-end fund is expected to be priced at $50 per share.

Pershing Square USA Ltd intends to list its ⁢shares on the New ⁤York Stock Exchange under the ticker symbol PSUS. The company plans to invest the ‍IPO⁤ proceeds according to its stated investment objectives and policies. This IPO launch is highly⁢ anticipated in ‍the financial community.

A consortium of major financial institutions is⁢ managing the offering. Citigroup, UBS Investment Bank, BofA Securities, and Jefferies are serving as global coordinators and bookrunners. Additional bookrunners include Wells Fargo Securities, RBC Capital Markets, BTG Pactual, Barclays, and Deutsche Bank Securities. Roughly 20 ⁣other banks are participating in more junior roles.

Recent reports indicate Pershing Square USA aims to raise around $25 billion through this Pershing Square IPO. Sources familiar with the matter suggest the⁢ offering‍ will primarily target institutional investors, while also accommodating some retail interest.This ⁤ investment opportunity has garnered important attention.

the registration‍ statement ⁢for the common shares,filed as Form N-2 with the U.S. Securities and Exchange Commission,is currently under review and⁣ has not‍ yet taken effect.

What’s next

The market will be closely watching the performance of PSUS‍ following its listing, and also any further announcements from Pershing Square regarding its⁢ investment strategy.