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- Bill Ackman filed to list his hedge fund firm Pershing Square Capital Management on the New York Stock Exchange.
- The transaction will involve a dual listing structure where Pershing Square’s common shares and the shares of its closed-end fund, PSUS, will both trade on the NYSE.
- Ackman is seeking to raise between $5 billion and $10 billion for PSUS with investors able to purchase shares at $50 apiece.