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Pershing Square Announces Pricing of the Combined IPO of Pershing Square USA and Pershing Square Inc.
NEW YORK, April 29, 2026--Pershing Square USA, Ltd. ("PSUS"), an investment company managed by Pershing Square Capital Management, L.P. ("PSCM"), and Pershing Square Inc. ("PSI"), the parent company of PSCM, today announced the pricing of the combined initial public offering (the "PSUS IPO") of the common shares of beneficial interest of PSUS (the "PSUS Shares") and the initial public offering (the "PSI IPO", and together with the PSUS IPO, the "Combined IPO") of the common stock of PSI (the "PS
About this update from Pershing Square Inc.
[{"type":"text","content":"Aggregate offering size of $5 billion","length":37,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, April 29, 2026--(BUSINESS WIRE)--Pershing Square USA, Ltd. ("PSUS"), an investment company managed by Pershing Square Capital Management, L.P. ("PSCM"), and Pershing Square Inc. ("PSI"), the parent company of PSCM, today announced the pricing of the combined initial public offering (the "PSUS IPO") of the common shares of beneficial interest of PSUS (the "PSUS Shares") and the initial public offering (the "PSI IPO", and together with the PSUS IPO, the "Combined IPO") of the common stock of PSI (the "PSI Shares").","length":608,"tagName":"p"},{"type":"text","content":"The PSUS Shares and the PSI Shares are expected to begin trading on the New York Stock Exchange (NYSE) on April 29, 2026, under the symbol "PSUS" for the PSUS Shares and under the symbol "PS" for the PSI Shares. The Combined IPO is expected to close on April 30, 2026, subject to the satisfaction of customary closing conditions.","length":349,"tagName":"p"},{"type":"text","content":"In connection with the closing of the Combined IPO, PSUS and PSI expect to close the previously announced combined private placement of PSUS Shares and PSI Shares (the "Combined Private Placement"). Gross proceeds to PSUS from the Combined IPO and Combined Private Placement, before deducting sales loads, placement fees and offering expenses, are expected to be $5 billion. The sale of the shares in the Combined Private Placement will not be registered under the Securities Act of 1933, as amended.","length":510,"tagName":"p"},{"type":"text","content":"PSUS is a non-diversified, closed-end management investment company with no investment history. Investors can learn more about PSUS by reading PSUS’s registration statement on Form N-2 (the "N-2 Registration Statement") relating to the sale of the PSUS Shares and about PSI by reading PSI’s registration statement on Form S-1 relating to the shares of PSI Shares (the "S-1 Registration Statement", and together with the N-2 Registration Statement, the "Registration Statements").","length":509,"tagName":"p"},{"type":"text","content":"Citigroup Global Markets Inc., UBS Securities LLC, BofA Securitie...