Bill Ackman Raises $5 Billion in Second IPO Attempt
business 3 posts · 3 accounts
Bill Ackman’s combined initial public offering for his closed-end fund and alternative asset manager raised $5 billion, giving the billionaire investor additional capital for long-term investments.
The amount was projected to come in at about half of the peak goal for Ackman’s second IPO attempt.
From the sources (3 posts)
@firstsquawkBILL ACKMAN PROJECTED TO SECURE HALF OF HIS PEAK GOAL IN HIS SECOND IPO ATTEMPT — FT.
@negligible_capPerishing Square IPO raises $5B and is set to begin trading tomorrow. Congrats @BillAckman
@businessBill Ackman’s combined initial public offering for his closed-end fund and alternative asset manager raised $5 billion, adding to the billionaire’s war chest for Warren Buffett-style long-term investments