Pershing Square USA Shares Plunge 18%
Shares of Bill Ackman's Pershing Square USA, ticker PSUS, opened approximately 17% below their IPO price. The combined IPO for the closed-end fund and the alternative asset manager raised $5 billion. The shares were trading at roughly $42 per share at the time of the IPO. The stock saw a decline of 16% to 17% during opening trading. The decline followed a combined initial public offering for the closed-end fund and Ackman's Altar.
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Sources · 7 independent
Bloomberg Radio
“Shares of Bill Ackman's Pershing Square USA opened 16% below their IPO price at $42 per share. Pershing Square USA ticker PSUS shares about now 17% lower.”
Bloomberg Radio
“Nathan shares of Bell Ackman's Pershing Square USA plunged 18% in its Wall Street debut. The drop came after the combined initial public offering for the closed-end fund and is alternative asset management.”
Bloomberg Radio
“And Karen shares of Bill Ackman's Pershing Square USA plunged 18% in their Wall Street debut.”
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