Bill Ackman is planning to take Pershing Square public: report [Business Insider]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Business Insider
It would be an unusual move for a hedge fund. Billionaire Bill Ackman is planning to take his investment firm Pershing Square public, according to a new report in The Wall Street Journal But first, Ackman intends to drum up some funding by selling a stake in his firm to investors in a deal that's expected to close very soon, people familiar with the matter told the WSJ. This funding round is expected to give Pershing Square a roughly $10.5 billion valuation, the outlet reported. The firm told prospective investors to value it like an asset management firm, rather than a hedge fund, citing Brookfield Asset Management as a comp. For context, Brookfield — valued at about $15 billion — oversees more than $925 billion , compared to the $16.3 billion Pershing Square had under management at the end of April. Pershing Square spokesman Francis McGill declined to comment on the report to Business Insider. The IPO filing would be an unusual move for a hedge fund, as their performanc
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Sec Filings
- 6/18/24 - Form 6-K
- 6/18/24 - Form 6-K
- 6/17/24 - Form 6-K
- BN's page on the SEC website