Reported 6 months ago
Hedge-fund manager Bill Ackman sold a 10% stake in Pershing Square for $1.05 billion ahead of an IPO, valuing the company at over $10 billion. Investors include Arch Capital Group Ltd., BTG Pactual, Consulta Ltd., ICONIQ Investment Management, Menora Mivtachim Holdings, and international family offices. Ackman, planning a late 2025 stock-market listing, has been active as an activist investor and supporter of Israel, reorganizing Pershing Square's ownership structure and appointing new leadership.
Source: YAHOO