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Bill Ackman Withdraws $10B+ I.P.O. Abruptly
2024-08-01 09:00:08
Business
Finance

Bill Ackman Withdraws $10B+ I.P.O. Abruptly

Billionaire investor William Ackman has suddenly pulled the plug on the planned $10 billion IPO for Pershing Square USA. Ackman's public ousting campaign against Harvard president Claudine Gay, Baupost Group's refusal to participate, and his comparison of Pershing Square's ambitions to Warren Buffett's Berkshire Hathaway have stirred intrigue.

With 1.3 million followers, Ackman's postponed $2 billion offering has left investors curious. Originally aiming for $25 billion, Ackman's brand-name profile and retail following were pivotal.

Meanwhile, a look at Ackman's portfolio reveals that investing $1,000 across his top 7 stocks could have yielded a $92 profit in 2024, emphasizing real estate as a lucrative investment option.

Related news on that topic:

Ackman's Anticipated Fund Offering Faces Delay

Bill Ackman's Pershing Square USA fund, with a projected $25 billion IPO, is under SEC review, postponing its pricing. The fund offers permanent capital, with investors only able to sell if others buy their stake. Ackman's comparison to Berkshire Hathaway hasn't swayed all investors like Capital Group. The New York Stock Exchange lists the offering as pending, awaiting a set date. Ackman's letter to Pershing Square Capital Management's shareholders hints at the fund's future.

Ackman's Awaited Fund Offering Facing Delays

William Ackman's Pershing Square USA, initially targeting a $25 billion IPO, is now aiming for $2 billion after facing SEC delays. The fund's permanent capital structure allows limited cash-outs for investors. Despite comparing his fund to Berkshire, Ackman faces challenges convincing some large mutual fund complexes. The New York Stock Exchange describes the offering as pending with no set date. Ackman's letter to investors is under SEC review, causing the IPO pricing delay and uncertainty regarding the trading start.

The press radar on this topic:

New York Times - Business
31. Juli 2024 um 21:06

Bill Ackman Abruptly Withdraws Planned I.P.O.

Economy
Finance
Billionaire investor William Ackman withdraws planned $10B+ IPO for Pershing Square USA; Pershing Square Holdings trades in London and Amsterdam; Ackman waged public campaign to oust Harvard president Claudine Gay over antisemitism, plagiarism allegations; Baupost Group, a major planned investor, declines to participate; Ackman endorses former President Donald J. Trump, compares Pershing Square ambitions to Warren E. Buffett's Berkshire Hathaway; Ackman has 1.3 million followers, originally pl..
Yahoo Finance
31. Juli 2024 um 22:00

Here's What Investing $1,000 in Billionaire Bill Ackman's Portfolio Could Have Made You This Year

Finance
Economy
Billionaire Bill Ackman's Pershing Square fund holds a concentrated portfolio of 7 stocks. Chipotle Mexican Grill and Hilton Hotels Corporation are Ackman's top holdings, up 17% and 21.5% respectively in 2024. A $1,000 investment equally distributed across the 7 stocks would have gained $92 in 2024. However, the article also highlights private market real estate investments as high-yield opportunities for today's investors.
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