
It's been a month since Pershing Square USA (NYSE:PSUS) and Pershing Square (NYSE:PS), the new plays led by star hedge fund manager Bill Ackman, went live on the public markets.
Pershing Square USA, Ltd. (PSUS) is a distinguished investment management firm headquartered in New York City, known for its activist investment approach and concentrated portfolio strategy. Founded by Bill Ackman, the firm focuses on identifying undervalued companies with strong growth potential, actively engaging with management to unlock shareholder value. With a robust investment philosophy driven by rigorous research and a long-term perspective, PSUS aims to deliver superior risk-adjusted returns for its investors while advocating for corporate governance improvements. The firm's notable track record and strategic insights make it a compelling opportunity for institutional investors seeking exposure to high-conviction investments in the public equity market.
| Revenue (TTM) | 0 |
| Gross Profit (TTM) | 0 |
| EBITDA | — |
| Operating Margin | 0.00% |
| Return on Equity | 0.00% |
| Return on Assets | 0.00% |
| Revenue/Share (TTM) | $0.00 |
| Book Value | — |
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| EV/Revenue | - |
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| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 0.00% |
| Shares Outstanding | 0 |
| Float | 0 |
| % Insiders | 0.00% |
| % Institutions | 11.08% |

It's been a month since Pershing Square USA (NYSE:PSUS) and Pershing Square (NYSE:PS), the new plays led by star hedge fund manager Bill Ackman, went live on the public markets.

It's been a big end to April for Bill Ackman as his much-anticipated Pershing Square USA (NYSE:PSUS) went live on public markets.

Pershing Square USA, Ltd. launched as a closed-end fund, raising $5B for Bill Ackman to invest with permanent capital and no redemption pressures. PSUS investors face structural risks: shares typically trade at persistent discounts to NAV, with Ackman's London funds showing ~30% discounts. Management is attempting to narrow the discount gap through buybacks, dividend growth, and marketing, but results have fluctuated between 24% and 29%.

NEW YORK--(BUSINESS WIRE)--Pershing Square Inc. (NYSE: PS) (“Pershing Square”) today announced that Pershing Square CEO Bill Ackman and CIO Ryan Israel will host a live Spaces event on X on Friday, May 1 at 9:00 AM ET to discuss the recently completed combined initial public offerings of PS and Pershing Square USA, Ltd. (NYSE:PSUS). The Spaces event on X will be open to the public and provide the opportunity for participants to ask questions and engage in dialogue with Bill and Ryan regarding P.

Ackman first announced plans to take his company public in 2024, initially hoping to raise as much as $25 billion. However, Ackman called off the IPO just days before the company was set to go public.

Bill Ackman's Pershing Square Holdings (LSE:PSH) USA opened at $42 on its New York Stock Exchange debut, falling 16% below its IPO price of $50, marking a rocky start to a listing that had been years in the making. The stumble comes after Ackman, the billionaire hedge fund manager, had spent years publicly building the case for a closed-end fund modeled on the empire of Warren Buffett, and even after raising $5 billion for the venture.

Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand. The stock-picking vehicle, Pershing Square USA, opened about 16% below its $50 offering price, despite raising $5 billion in its initial public offering.

Shares of PSUS sank 18% in the first few minutes of trading

Bill Ackman has made a lot of noise in recent years. On Wednesday, that noise came in the form of ringing the opening bell on the New York Stock Exchange, in honor of the initial public offering of his hedge fund, Pershing Square.

Four IPOs priced this past week, featuring nuclear tech, critical materials, real estate, and convenience stores. One IPO is currently scheduled for the week ahead, joined by Bill Ackman's Pershing Square deals. Street research is expected for one company in the week ahead, and two lock-up periods will be expiring.