Pershing Square USA opens at $42, IPO priced at $50

Pershing Square USA (PSUS), an investment company managed by Pershing Square Capital Management, and Pershing Square Inc. (PS), the parent company of PSCM, announced the pricing of the combined initial public offering of the common shares of beneficial interest of PSUS and the initial public offering of the common stock of PSI. The PSUS Shares and the PSI Shares are expected to begin trading on the New York Stock Exchange under the symbol “PSUS” for the PSUS Shares and under the symbol “PS” for the PSI Shares.