<div id="readability-page-1">Major buyback move: Pershing Square will repurchase $100M of shares on the London Stock Exchange, signaling confidence despite a steep share price decline. Scale and impact: The buyback equals about 1.04% of its market cap and aims to boost NAV per share while reducing overall capital. Long-term pattern: Since 2017, Pershing Square has repurchased nearly 75M shares worth $1.9B at an average price of $24.99.</div>

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<p>Pershing Square is set to repurchase $100M of shares on the London Stock Exchange following a 16% drop in share price. This buyback represents about 1.04% of its market cap and aims to enhance NAV per share while reducing capital. Since 2017, the firm has bought back nearly 75M shares for $1.9B at an average price of $24.99.</p>

Pershing Square launches $100M buyback after 16% share drop