Bill Ackman’s coming IPO looks like a great deal for Bill Ackman
The Wall Street legend has sold a chunk of his firm Pershing Square at an impressively rich valuation. But as the firm prepares to float, investors should be cautious.
Bill Ackman is one of the true titans of Wall Street, one of those few names who can move markets with a well-placed comment or the announcement of a new investment position.
But for much of this year, Ackman has appeared focused on everything other than investing: pontificating on governance standards at Harvard, commenting on the war in Gaza, praising Elon Musk or flirting with endorsing Donald Trump for this year’s US presidential election.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
