Ackman's IPO: Pershing Raised This Cash to Spend It

The video discusses Square Holdings, a closed-end fund positioned as a major player on the Euronext. It highlights the company's capital allocation strategy, including a new US-based investment. The role of shareholder activism in improving corporate governance is explored, along with the company's long-term investment philosophy, distinguishing it from other activist investors.

What is the classification of Square Holdings, and where is it listed?

• A private equity fund listed on the LSE

• A mutual fund listed on the NASDAQ

• A closed-end fund listed on the Euronext

• An open-end fund listed on the NYSE

What is the primary purpose of the capital raised by Persian Square Holdings?

• To expand into European markets

• To invest in a new US-based company

• To buy back shares

• To distribute dividends to shareholders

How does Persian Square Holdings plan to use the bulk of its cash?

• Donating to charity

• Investing in multiple small ventures

• Saving it for future opportunities

• Spending it in one place

How has shareholder activism influenced corporate governance?

• It has decreased the focus on governance

• It has made governance a top priority

• It has had no impact on governance

• It has led to less engagement from shareholders

What distinguishes Persian Square Holdings from other activist investors?

• They avoid engaging with company management

• They frequently change their investment strategy

• They prioritize long-term investments

• They focus on short-term trades