Bailey Lipschultz

You throw out NVIDIA competitor and people just get jacked up.

It'll be interesting to see where the stock is trading three days, five days after their first earnings, and more importantly, six months from now when insiders are unlocked.

This has been something they've talked about for quite some time.

So it kind of is a litmus test, if you will.

There's obviously been a lot of debate.

Why do people go public?

What do they want to achieve?

At least from the pitch for Pershing Square is to try to bring potential wealth to retail investors.

But certainly a bit of the skeptics see this kind of similar to some of the other strategies we've seen the likes of a Carlisle or KKR take over the last decade or so.

He's doing it to bolster asset center management.

So he has a fund listed in Europe.

You generate fees no matter what off a closed end fund.

It's not like an ETF where you can face some of the redemption issues.

So bolstering their AUM, bolstering the fees that they're going to generate from this product among other

others.

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