Ackman's Pershing Square Raises $2.7 Billion in Amsterdam IPO

Billionaire William Ackman's Pershing Square Holdings will go public on Euronext Amsterdam on October 13. Ackman confirmed that he has raised over $2.7 billion, much of which is from Europe. Ackman is an activist fund manager. When he spoke of his plan last month, he projected to raise $2 billion. Two of the largest European banks, UBS and Deutsche Bank, will run the listing. Anne Farlow will serve as the chairwoman of Pershing Square Holdings. All capital raised will be separated from Ackman's Pershing Square Capital Management, which outperformed its competitors this year.