Billionaire Bill Ackman’s Pershing Square IPO to raise $5 billion — the low end of previously targeted range

Bill Ackman’s hedge fund Pershing Square – known for its contrarian bets – is expected to raise $5 billion in its IPO, at the bottom of its targeted range, a source familiar with the matter told The Post.

Opens the original publisher in a new tab. Full articles belong to their publishers; a subscription may be required.