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Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day

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Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.

Bill Ackman's firm is raising $1.05 billion in a funding round, worth 10% of his management company Pershing Square, according to a source familiar with the matter.

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Billionaire investor Bill Ackman is selling a 10% stake of Pershing Square, aiming to eventually take his investment firm public.

 

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