Pershing Square Starts IPO Roadshow for US Closed-End Fund.

Pershing Square, led by Bill Ackman, has begun a roadshow for the initial public offering (IPO) of a US closed-end fund. The IPO is expected to be the largest of its kind in the US, with Pershing Square planning to raise around $25 billion. The filing also revealed the full list of banks involved in the IPO, including Citigroup, UBS, Bank of America, Jefferies, Wells Fargo, RBC, BTG Pactual, Barclays, and Deutsche Bank. The IPO price has been set at $50 per share, and Pershing Square intends to list on the New York Stock Exchange under the symbol PSUS. [Extracted from the article]