Pershing Square IPO: Great for Ackman but Investors Have Questions
The initial public offering of Pershing Square Holdings provides Bill Ackman with $3 billion in permanent capital — but at what cost to investors?
Imogen Rose-Smith
October 14, 2014
William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP, speaks during an event in New York, U.S., on Tuesday, July 22, 2014. Herbalife Ltd. shares fell the most in three months yesterday after billionaire Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight-loss shakes. Photographer: Jin Lee/Bloomberg *** Local Caption *** Bill Ackman
Jin Lee/Bloomberg
