IPO of Bill Ackman's new fund delayed but expected to proceed

IPO of Bill Ackman's new fund delayed but expected to proceed

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman’s new U.S. fund, Pershing Square USA, has been delayed, without providing a reason.