Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion

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Financial Times - Companies 7 hours ago • ft.com

Bill Ackman’s Pershing Square slides on Wall Street debut

Weak investor demand hits hedge fund chief’s scaled-back double offering

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The New York Times - Business 10 hours ago • nytimes.com

Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion

The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion.

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