Thursday, August 14, 2014

Ack!: Pershing Square IPO Looms

CNN Money reported, i.e. gave billionaire investor Bill Ackman free media space to sell his latest venture:

In a letter to investors Wednesday, Ackman said he plans to take one of his funds -- Pershing Square Holdings -- public later this year

That means regular people across America could get a stake in his fund that has only been open to the wealthy and connected.  
Regular people, those with 36% lower net worth the last decade?  Thbbft!  Only as the last mark.  The billionaire race to the top requires federal government giveaways and equity monetizations.