Bill Ackman Files $10B IPO, Sees Iran Chaos As A Feature, Not A Bug - Alphabet (NASDAQ:GOOGL)

Bill Ackman is betting that the Iran war and the worst market volatility since 2022 are exactly the right conditions to raise $10 billion.Pershing Square Capital Management filed Tuesday to list on the NYSE under the ticker PS, alongside a new closed-end fund called Pershing Square USA (PSUS), in a combined deal seeking $5 billion to $10 billion at $50 per share. The firm has already locked in $2.8 billion from family offices, pension funds and insurers.Volatility Is The PitchIn a letter to investors, Ackma ...