Pershing Square Inc. Think of that as essentially the parent company. That will start trading as a direct listing. And there's a new closed-end fund known as Pershing Square USA or PSUS that will also debut.And that's the one that raised $5 billion at 50 per share. To coax investors to buy into the closed-end fund, Pershing is offering investors one free share of the management company for every five shares they buy of PSUS. way, for $250 you'd own five shares of PSUS and one share of PS.That's the ticker s ...

Bill Ackman’s combined initial public offering for his closed-end fund and alternative asset manager raised $5 billion, adding to the billionaire’s war chest for Warren Buffett-style long-term investments https://t.co/MKFHnYTIdl ...