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Pershing Square Launches Dual IPO, Targets $10 Billion

4/14/2026

23 5 Full Breakdown

Summary

Story summary

Pershing Square launched a roadshow for its dual IPO, seeking $5 billion to $10 billion through Pershing Square USA (PSUS) and its management company.
Shares are priced at $50, with $2.8 billion already committed from investors.
Ackman also pursues a $64 billion bid for Universal Music Group, while the offering aims to give retail investors hedge fund access via a linked fund and management company.

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Story summary

Pershing Square launched a roadshow for its dual IPO, seeking $5 billion to $10 billion through Pershing Square USA (PSUS) and its management company.
Shares are priced at $50, with $2.8 billion already committed from investors.
Ackman also pursues a $64 billion bid for Universal Music Group, while the offering aims to give retail investors hedge fund access via a linked fund and management company.