Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses how much Bill Ackman’s Pershing Square IPO is expected to raise.

Billionaire Bill Ackman’s IPO of his closed-end fund and his alternative asset management company is expected to raise about $5 billion, according to people familiar with the matter, the low end of the targeted fundraising range.

The deal is expected to to stop taking orders at 4 p.m. New York time on Monday and to price on April 28 as scheduled, the people said. The IPO was targeting as much as $10 billion, according to an earlier statement. The private placement funds are contingent on raising a minimum of $5 billion, Ackman said in an investor presentation.
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General Motors CFO Paul Jacobson says the automaker has not added significant price increases as he discusses first-quarter earnings that included a rise in the company’s profit outlook. Jacobson talks about supply chain challenges related to the Iran war, where inflation is impacting costs, and how customers are reacting to higher gas prices.
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Bloomberg Senior Writer for Ideas & Culture Felix Salmon discusses with David Gura and Christina Ruffini on Bloomberg This Weekend the growing attention on private credit, a trillion-dollar asset class involving direct loans from investors to private equity-backed companies.
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Ford announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The strategic shift will result in $19.5 billion in charges, the company said Monday. CEO Jim Farley joined “The Close” to discuss the change and future EV plans https://bloom.bg/4rZVTFe

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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:02:16 – Xi tests China’s reach by blocking Meta deal already done
00:06:46 – Stocks hold near records in countdown to tech earnings
00:12:56 – BOJ rate path in focus as yen teeters
00:18:17 – White House: Trump discusses Iran proposal with aides
00:25:16 – JPMorgan Securities’ Ayako Fujita on BOJ, Japan’s economic outlook
00:32:38 – Pre‑war stock playbook returns as traders favor Asia over US
00:38:40 – BYD profit likely fell, though recovery taking shape
00:41:34 – India, New Zealand sign “once‑in‑a‑generation” trade deal
00:47:25 – Markets open in Japan, South Korea, and Australia
00:49:51 – Central bankers to decide amid Iran war risks
00:55:00 – Bank of America President of International Bernard Mensah on business risks, opportunities
01:06:16 – Germany’s Merz says Trump being “humiliated” in Iran talks
01:17:46 – HK IPO demand strong as Xizhi debuts
01:22:54 – AUSTRALIA AHEAD: Fortescue Deputy Chairman Mark Barnaba on expansion plans, green transition
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