00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bill Ackman filed to list Pershing Square Capital Management on the New York Stock Exchange,
00:07advancing his plan to build a publicly traded investment platform modeled on Warren Buffett's
00:12approach, according to CNBC. The listing will give public investors a stake in Pershing Square's
00:17investment platform, which held a concentrated portfolio of large-cap companies, including
00:22Brookfield, Uber, and Amazon at the end of 2025. The transaction uses a dual-listing structure in
00:29which Pershing Square's common shares and shares of its closed-end fund PSUS will trade separately
00:34on the NYSE. Ackman plans to raise between $5 billion and $10 billion for PSUS at $50 per
00:41share. The firm has secured $2.8 billion in commitments from family offices, pension funds,
00:48insurance companies, and ultra-high net worth investors.
00:51For all things money, visit Benzinga.com.
Comments