Pershing Square USA Ltd. (PSUS)
NYSE NYSE Primary 
XFRA 
Bill Ackman Is Right on the Money. Investors Are Ignoring Quality for “New New” Stocks
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.
Barry Ritholtz Warns Retail Investors Are Being Set Up as the Exit for Private Markets at Peak Cycle
Barry Ritholtz has watched this movie before, and he knows how it ends. On Bloomberg's Masters in Business “At The Money” segment, the Ritholtz Wealth Management founder issued a plain warning to retail investors about the parade of private credit and private equity products now being repackaged for Main Street: the smart money is looking for a door, and you are being positioned as the door.
Pershing Square USA: Expect Further Discounts Over Time
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%.
Bill Ackman's Pershing Square USA drops on debut as retail demand falls short
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.
Bill Ackman's Pershing Square USA flops on first day of trading
Shares of PSUS sank 18% in the first few minutes of trading
Pershing Square IPO: PSUS stock price will be closely watched today as Bill Ackman's firm finally goes public
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.
