June 28 (Reuters) - Pershing Square USA, a fund managed

by billionaire Bill Ackman, said on Friday it plans to offer

shares at $50 each in its initial public offering in New York.

Ackman is launching a new investment portfolio that will be

available to anyone who can invest in the United States,

including retail investors.

The fund did not reveal the exact number of shares it will

offer. Potential investors need to purchase at least 100 common

shares of Pershing Square USA in order to participate in the

offering.

Ackman's new fund will mimic his existing Europe-listed

hedge fund Pershing Square Holdings, but offer lower

fees and quicker access to capital.

The fund, which will invest in 12 to 15 large, undervalued

North American companies, will charge a flat 2% management fee,

which would be waived for the first 12 months.

In June, Ackman's hedge fund Pershing Square Capital

Management raised $1.05 billion by selling a 10% stake in a deal

that valued the firm at more than $10 billion ahead of a

potential IPO that could happen next year or in 2026.

Roughly $500 million of the proceeds from that stake sale

will anchor Pershing Square USA, with the rest of the money to

be used in funds that Ackman plans to launch in the future.

Ackman's Pershing Square Capital Management, which oversees

$19 billion in assets, generally invests in roughly a dozen

stocks such as Google parent Alphabet, Chipotle Mexican Grill,

and Universal Music Group.

Pershing Square USA will list on the New York Stock Exchange

under the symbol "PSUS".

Citigroup Global Markets, UBS Securities, BofA Securities

and Jefferies are the underwriters for the offering.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

Saumyadeb Chakrabarty)