(Updates with details.)
Pershing Square Holdco, L.P. filed an S-1 registration statement with the SEC for its planned conversion to Pershing Square Inc. and initial public offering at $50 per share.
- Pershing Square will deliver 20 shares of common stock for every 100 PSUS Shares purchased in IPO
- PSUS secured $2.8 billion in commitments in a private placement from qualified investors including family offices and pension funds
- Company expects to raise between $5 billion and $10 billion in the combined transaction
- ManagementCo will control majority voting power through special voting share structure after offering
- Pershing Square managed approximately $30.7 billion ...