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Ackman Sets $4B IPO Target For New Pershing Square Fund

By Tom Zanki ( July 25, 2024, 6:18 PM EDT) -- Hedge-fund giant Bill Ackman expects the initial public offering of his new closed-end fund to raise $2. 5 billion to $4 billion as he seeks to shore up investor support just days before the IPO's anticipated pricing, according to a securities filing Thursday. . . .

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