PERSHING SQUARE HOLDCO, L.P.

FWP supplemental

The current FWP filing by PERSHING SQUARE HOLDCO, L.P. relates to a combined offering involving the registration of securities under Form S-1 and N-2, including the initial public offering (IPO) of Pershing Square Inc. and the PSUS IPO. The filing highlights the pending conversion of the partnership into a corporation (Corporate Conversion) and outlines the structure of the combined offering, including private placements and the listing of shares on the NYSE. The Registration Statements remain non-effective, and securities cannot be sold until approval is granted.

FWP supplemental

The current filing outlines Pershing Square Holdco, L.P.'s combined offering involving Pershing Square USA, Ltd. (PSUS) and Pershing Square Inc. (PSI). It details PSI's business model as an asset-light investment manager with a focus on long-term, fee-generating assets under management (AUM). The filing emphasizes the distribution of PSI shares to PSUS IPO investors as an incentive, linking PSI's value to the success of the PSUS IPO. It highlights PSI's preferred performance fee structure, capital allocation strategy, and governance practices, including a shareholder-first approach and independent board composition.

S-1 filed

Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. and conducting an initial public offering (IPO) of its common stock. The offering is part of a combined transaction with Pershing Square USA, Ltd. (PSUS), where investors in the PSUS IPO receive 20 shares of Pershing Square Inc. for every 100 PSUS Shares purchased. The IPO does not generate proceeds for Pershing Square Inc., and the company will be a 'controlled company' under NYSE rules due to its voting structure. The combined offering includes a private placement of PSUS Shares and Pershing Square Inc. shares, with the latter contingent on the PSUS IPO's success.

DRS/A amended

Pershing Square Holdco, L.P. is preparing to convert into a Nevada corporation named Pershing Square Inc., transitioning from a limited partnership to a publicly traded entity. The filing outlines a combined offering with PSUS, a closed-end investment company, where Pershing Square Inc. shares will be distributed to PSUS IPO investors. The offering involves no proceeds to Pershing Square Inc., with shares allocated as part of a coordinated transaction. The company also details a special voting arrangement to maintain control over investment management agreements and highlights its status as an emerging growth company.

DRS/A amended

The current filing represents an amendment to Pershing Square Holdco, L.P.'s registration statement for its initial public offering (IPO) of common stock. The offering is part of a combined transaction with the PSUS IPO, involving the conversion of the partnership into a Nevada corporation named Pershing Square Inc. The filing outlines the structure of the combined offering, which will not generate proceeds for the company, and highlights the special voting arrangement to maintain control under regulatory frameworks. The company intends to list its shares on the NYSE under the symbol 'PS'.

DRS/A amended

The current filing amends the registration statement for Pershing Square Holdco, L.P.'s IPO, detailing its conversion to a Nevada corporation named Pershing Square Inc. The offering is part of a combined IPO with PSUS, a closed-end investment company, where shares of Pershing Square Inc. will be distributed to PSUS IPO investors. The filing highlights the corporate conversion, voting structure with a Special Voting Share, and the absence of proceeds to the company from this offering.

DRS/A amended

Pershing Square Holdco, L.P. is preparing to convert into a Nevada corporation named Pershing Square Inc., with shares of its common stock being offered concurrently with the PSUS IPO. The offering involves delivering shares of Pershing Square Inc. to PSUS IPO investors without additional consideration. The filing highlights the corporate conversion, voting structure with a Special Voting Share, and the company's status as a controlled company under NYSE rules. The prospectus emphasizes risks related to governance, liquidity, and regulatory compliance.

DRS filed

Pershing Square Holdco, L.P. is registering for an initial public offering (IPO) of its common stock, transitioning from a Delaware limited partnership to a Nevada corporation named Pershing Square Inc. The offering is concurrent with the IPO of Pershing Square USA, Ltd. (PSUS), with shares of Pershing Square Inc. to be listed on the NYSE under 'PS.' The company will be a 'controlled company' under NYSE rules, with voting power concentrated through a Special Voting Share, limiting shareholder influence. The registration includes historical financials of the partnership, excluding the corporate conversion.