Ackman Is Seeking to Raise $3 Billion in an IPO — and He’s Picked a Slew of Minority-Owned Firms to Underwrite It

Bill Ackman plans to raise $3 billion for a new blank-check company — and he’s chosen seven minority firms as underwriters on the offering.

Pershing Square plans to invest an additional $1 billion, which will give the new vehicle a total $4 billion to buy a company.

Citigroup,