BUSINESSMay 1 · 21:22 UTCBLOOMBERGAnthony Hughes

Pershing Square IPO Investors Post Gain After Free Shares

Pershing Square Capital Management's IPO raised $5 billion, led by CEO Bill Ackman, who rang the opening bell at the New York Stock Exchange. The funds will be used for long-term investments modeled after Warren Buffett's strategy.

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Mentioned

Bill AckmanpersonPershing Square Capital Management LPorganizationNew York Stock ExchangeorganizationWarren BuffettpersonIPOtopicclosed-end fundtopicalternative asset managertopic

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