Pershing's Ackman Eyes IPO to Raise Billions

Hedge-fund investor William Ackman is considering raising a new fund through an initial public offering, a move that could allow him to secure billions of dollars in permanent capital for new investments.

Mr. Ackman, who runs New York-based Pershing Square Capital Management, could raise several billion dollars through an IPO, according to a person close to the matter. The possible IPO was reported by AR magazine.
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The money manager and his team have considered an IPO in the past, according to people close to the matter....

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