The billionaire financier’s U.S.-listed investment vehicle is facing a delay in pricing its I.P.O., the latest speed bump in its journey to the public markets.

Bill Ackman has had to delay the I.P.O. of his latest fund amid scrutiny of a letter he wrote to some investors about its prospects.Andrew Harnik/Associated PressAckman delays his big bet

Monday isn’t going to be the day that Bill Ackman prices the I.P.O. of his Pershing Square USA investment vehicle, as had been planned.

That has been pushed back at least a few days as the S.E.C. reviews a headline-grabbing letter that the financier sent to investors. But the long-awaited fund, whose investors will probably include many who follow Ackman’s provocations on social media, is still coming, it says.

The context: Pershing Square USA is a so-called closed-end fund that’s raising money to make the sort

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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