Bill Ackman is eyeing an IPO of Pershing Square as soon as next year, and as a precursor to a public listing, Ackman is selling a stake in the firm to investors in a funding round expected to value the firm at about $10.5B, The Wall Street Journal’s Juliet Chung and Peter Rudegeair report. That deal is expected to close in the coming days, according to people familiar with the matter. Pershing today primarily holds a concentrated portfolio of stocks of large companies it believes are undervalued, including Chipotle (CMG) and Universal Music Group (UMGNF).
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