Reported about 1 year ago
Pershing Square has launched a roadshow for the IPO of a US closed-end fund, potentially the largest of its kind in the US. The filing revealed the banks involved in the IPO, beyond the global coordinators. The fund, Pershing Square USA Ltd., plans to raise around $25 billion and set the IPO price at $50 per share, intending to trade on the NYSE under the symbol PSUS. The fund is expected to attract interest from institutional and retail investors, potentially becoming the largest closed-end fund in the US.
Source: YAHOO