Closed-End Fund IPO Aims to Raise $10 Billion
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Sources · 7 independent
“And as part of that deal, they're distributing shares of Pershing Square proper, which is the hedge fund, which manages the strategies. So that deal is expected to price tomorrow. My colleague Anthony Hughes broke that they're expecting to price it at $5 billion.”
“would raise $5 to $10 billion. So at the bottom of that...”
“at least get access to Pershing Square, the management company in the interim. at least at NAV and then get the bonus shares. I mean, the counter argument is why would you not buy something that's 32% on sale, which is also fair. The other argument when you talk to folks in the closed end fund space is the only reason to get an incremental buyer is someone who believes in the vision going forward. So define first what a closed end fund is. It's, everyone knows what an ETF is. It's essentially the ad except for you can't withdraw your money. So if you buy, you participate in this at $50, you ca”
“l'accordo varrà circa 10 miliardi e poi ci saranno 40 giorni per le eventuali obiezioni, ma ne parleremo.”
“Closed-End Fund IPO Aims to Raise $10 Billion”
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