Bill Ackman Selling Stake in Pershing Square at 105 Billion Valuation
Aiming for IPO One Day
Leslie Picker, Yun Li, May 31, 2024
Bill Ackman, the billionaire investor known for his bold moves and investment ideas, is selling a stake in his hedge fund Pershing Square at a 105 billion valuation, with the goal of one day taking the company public.
In an interview with CNBC, Ackman said that he believes Pershing Square has the potential to be a "long-term compounder" and that the IPO would allow more investors to participate in the company's growth.
Ackman has been a vocal critic of short-selling and has often taken activist positions in companies. He is also a co-founder of the Pershing Square Foundation, which supports a variety of charitable causes.
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