Ackman begins roadshow for Pershing Square and new fund
Bill Ackman began a roadshow for the IPOs of his management firm and a new fund. The launch aims to raise up to $10 billion despite ongoing market volatility.
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Billionaire investor Bill Ackman has officially launched a roadshow for the initial public offerings of his management company and a new investment vehicle, Pershing Square USA. The move comes amid significant market volatility in the United States following the failure of diplomatic talks with Iran to resolve a regional conflict that has now entered its seventh week. Ackman intends to leverage the current market disruption to acquire undervalued assets at a discount through the new fund.
