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Matt MiczulskiUpdated
Pershing Square Capital Management is expected to go public soon. Here's what we know about the IPO — and how to buy Pershing Square Capital Management stock when it's available.
Pershing Square filed on Tuesday to list on the New York Stock Exchange under the symbol “PS.”(1) The transaction's dual-listing structure includes Pershing Square’s common shares and the shares of its closed-end fund, PSUS. The securities will be listed at the same time but will trade independently, enabling investors to buy or sell each one separately.(2)
As part of the overall transaction, Ackman aims to raise between $5 billion and $10 billion for PSUS, with investors able to buy shares at $50 each, according to the filing. The firm also stated that investors will receive 20 shares of Pershing Square Capital Management common stock for every 100 PSUS shares purchased in the initial public offering, at no extra cost.
The exact IPO date has not been announced. We'll update this page with more information as it becomes available.
Once Pershing Square Capital Management goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Pershing Square Capital Management stock.
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Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio
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