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Bill Ackman's Pershing Square IPO expected to raise $5 billion, Bloomberg News reports

April 27 (Reuters) - The U.S. initial public offering of Bill Ackman's investment management company and a closed-end fund is expected to raise about $5 billion, Bloomberg News reported Monday, citing people familiar with the matter.

 (Reporting by Utkarsh Shetti in Bengaluru; Editing by Shailesh Kuber)

 ((UtkarshUmesh.Shetti@thomsonreuters.com;))

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