newsfilter
← Latest News
Business Wire·

Pershing Square Announces Pricing of the Combined IPO of Pershing Square USA and Pershing Square Inc.

PS
  • Pershing Square USA, Ltd. ("PSUS") and its parent company Pershing Square Inc. ("PSI") announced the pricing of their combined initial public offering with an aggregate offering size of $5 billion.
  • The PSUS Shares and PSI Shares are expected to begin trading on the New York Stock Exchange on April 29, 2026, under the symbols "PSUS" and "PS" respectively.
  • The Combined IPO is expected to close on April 30, 2026, subject to customary closing conditions.
  • Gross proceeds from the Combined IPO and a concurrent unregistered Combined Private Placement are expected to total $5 billion before deducting sales loads, placement fees, and offering expenses.
  • PSUS is a non-diversified, closed-end management investment company with no investment history prior to this offering.
  • The Registration Statements for both entities were declared effective by the U.S. Securities and Exchange Commission on April 28, 2026.
  • Citigroup Global Markets Inc., UBS Securities LLC, BofA Securities, Inc., Jefferies LLC, and Wells Fargo Securities, LLC are acting as global coordinators and bookrunners for the offering.
  • Additional bookrunners include RBC Capital Markets, LLC, BTG Pactual S.A. – Cayman Branch, and Keefe, Bruyette & Woods, Inc.
  • Co-lead managers for the Combined IPO include Academy Securities, Inc., Huntington Securities, Inc., Loop Capital Markets LLC, Oppenheimer & Co. Inc., Piper Sandler & Co., Roberts & Ryan, Inc., and Wedbush Securities Inc.
  • A list of co-managers includes Aegis Capital Corp, AmeriVet Securities, Inc., C.L. King & Associates, Inc., CastleOak Securities, L.P., Clear Street LLC, InspereX LLC, JonesTrading Institutional Services LLC, R. Seelaus & Co., LLC, Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC, and Tigress Financial Partners LLC.
  • Copies of the prospectuses for the Combined IPO are available via the SEC's EDGAR website or directly from the underwriters listed in the announcement.
  • Forward-looking statements regarding the completion of the IPO, listing timing, and over-allotment exercises are subject to risks and uncertainties that may cause actual results to differ from projections.