Billionaire hedge fund manager Bill Ackman pushed back the highly-publicized public offering for Pershing Square USA, according to a notice on the New York Stock Exchange’s website on Friday.
The deal had been slated to price on Monday and trade the following day, according to terms of the deal seen earlier by Bloomberg News reported.
A source close to the situation told The Post that IPO could go live later this week.
Pershing Square issued a press release saying common shares will be priced at $50.
Before the delay, the fundraising target for the US fund had been reduced from $25 billion to between $2.5 billion to $4 billion.
On Thursday, Ackman filed an update with the SEC that included a letter Ackman penned to shareholders in his Pershing Square Capital Management firm asking them to back the new investment venture.
The Harvard graduate – who has become a fixture on social media with posts about the rampant antisemitism on college campuses – told shareholders they should get involved in the IPO “the sooner the better” to “improve the strength” of the deal.
Ackman’s fund has returned 16.5% a year.
The 58-year-old – who has a net worth of $9.1 billion, according to Forbes, and endorsed former President Donald Trump soon after he was shot – recently sold a stake in the firm that valued it at more than $10 billion.
With James Franey
