Pershing Square USA said it is offering its shares at a price of $50 per share and investors in this IPO will receive one Pershing Square share for every five Pershing Square USA shares purchased, for a total of $5 billion including $2.8 billion from a private placement.
If the combined IPO is completed, it is expected that both the Pershing Square USA shares and the Pershing Square shares will be listed on the New York Stock Exchange under the symbols "PSUS" and "PS," respectively, the company said.
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