Pershing Square Holdings listed on Euronext’s Amsterdam Market
Pershing Square Holdings (PSH), an investment holding company and the owner of large minority stakes in North America and an active investor, has been listed on Euronext's Amsterdam market. To get admission, the company has traded about 250,253,351 of its public shares on Euronext Amsterdam.
The admission of shares in Euronext Amsterdam follows successful $2.73 billion placement of new shares issued by PSH to non-US institutional and professional investors. If the over-allotment option is exercised, the placement of new shares could raise capital of about $3 billion.
Issue price of Pershing Square Holdings Ltd shares was set in Euronext Amsterdam at $25 per share, net asset value per share of PSH as of September 30, 2014. The net asset value per share as of the closing on October 10, 2014, in the United States and Canada was $24.41 per share.
Pershing Square Capital Management's CEO William A Ackman said, "We are delighted to list Pershing Square Holdings Ltd on Euronext Amsterdam. The listing will dramatically expand our shareholder base improving the stability of our capital and our ability to implement our long-term, active investment strategy".
Chief Executive Officer of Euronext Amsterdam, Jos Dijsselhof, said that the stock exchange is very delighted to see Pershing Square Holdings Ltd in the list of Euronext's Amsterdam market. Dijsselhof further said that choosing Euronext as the listing venue by investor like PSH shows the credibility that Euronext enjoys amongst the community of investors.
Listings of Euronext Amsterdam's head, Anne Louise Metz, stated that stock markets have the ability to provide permanent capital to sophisticated investors. Euronext is always an attractive venue for these funds and it hopes that several investors from the fund community will show their interest in it. Euronext Amsterdam is very pleased to support investment holding companies such as Pershing Square Holdings Ltd in realizing its objectives.
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