Bill Ackman hits lowest end of target in second IPO push - Financial Times
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- Financial Times reports the second Pershing Square IPO was priced at the low end of its target range.
- Pershing Square Inc. raised $5 billion from the offering to fund its permanent capital plan.
- MarketWatch highlights that the dual listings are aimed at expanding retail investor participation.
Why it matters: Retail investors gain a direct stake in Ackman's $5B capital raise, while the fund secures permanent funding; this expands the fund's asset base and deepens market exposure to its activist strategy.
