US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

US IPOs and Secondary Offerings

Pershing Square USA (PSUS): Ackman Offering 'Carrot' to Sweeten Closed End Fund IPO

Pershing Square USA (PSUS): Incentive Fails to Lift Ackman's Fund Debut on Day One

Bill Ackman on All-In: The Next Berkshire? Executive Summary & Full Transcript

IPOs and Secondary Offerings

Equity Capital Markets

The Pershing Square USA / Equity Capital Markets

<ul>
<li>The Pershing Square USA (PSUS US) is a new closed-end fund managed by Pershing Square Capital Management, led by Bill Ackman, targeting a $5 billion raise at $50 per share.</li>
<li>The offering provides direct exposure to Ackman’s concentrated, long-term value strategy focused on high-quality, large-cap companies and active operational engagement.</li>
<li>Backed by a permanent capital platform with strong alignment, the fund aims to generate long-term compounding returns through disciplined investing and scalable asset management. </li>
</ul>


The Pershing Square USA (PSUS US) is a new closed-end fund managed by Pershing Square Capital Management, led by Bill Ackman, targeting a $5 billion raise at $50 per share.
The offering provides direct exposure to Ackman’s concentrated, long-term value strategy focused on high-quality, large-cap companies and active operational engagement.
Backed by a permanent capital platform with strong alignment, the fund aims to generate long-term compounding returns through disciplined investing and scalable asset management. 


Pershing Square USA (PSUS): Peeking at the Prospectus of Bill Ackman's Closed End Investment Company