Bill Ackman’s ‘Influencer Hedge Fund’ IPO Tanks 18% on Day 1

AI summary

Bill Ackman finally got his hedge fund public, and the market answered with a shrug. Pershing Square (NYSE:JCVC) priced its IPO at $50 and closed its first session at $41, an 18% drop on day one. The hosts of The Best One Yet labeled it the “first ever influencer hedge fund IPO,” a fitting frame ... Bill Ackman’s ‘Influencer Hedge Fund’ IPO Tanks 18% on Day 1