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Bill Ackman's Pershing Square IPO expected to raise $5 billion, Bloomberg News reports

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The U.S. ​initial public ‌offering of ​Bill ​Ackman's investment management ⁠company ​and a ​closed-end fund is expected ​to ​raise about $5 billion, ‌Bloomberg ⁠News reported Monday, ​citing ​people ⁠familiar with ​the ​matter.

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