Trending Now - Pershing Square Files for up to $10 Billion NYSE IPO
WHO:
Bill Ackman, billionaire and hedge fund manager
Pershing Square USA Ltd., a closed-end fund
Pershing Square Inc., Ackman's alternative asset management firm
US Securities and Exchange Commission (SEC)
WHAT:
Pershing Square is seeking to raise between $5 billion and $10 billion in an initial public offering (IPO) on the New York Stock Exchange (NYSE).
For every 100 shares of the closed-end fund IPO purchased, investors will receive 20 shares in Pershing Square Inc.
Shares in the closed-end fund are priced at $50 each.
Pershing Square has approximately $30.7 billion in total assets under management, with $20.7 billion in fee-paying assets as of the end of 2025.
WHERE:
New York Stock Exchange (NYSE)
WHEN:
The IPO filing was made in March 2026.
A previous attempt to raise up to $25 billion for a closed-end fund occurred in 2024.
The filing states that as of the end of 2025, Pershing Square had $30.7 billion in total assets.
WHY:
Ackman aims to expand his asset management empire to public market investors.
Recent market volatility, including the war in Iran, is seen as an opportunity for Pershing Square to acquire companies at lower prices.
HOW:
The IPO combines offerings for both the hedge fund manager and the new closed-end fund.
Ackman’s investment strategy is inspired by Warren Buffett’s Berkshire Hathaway Inc.
(UPDATED March 11, 2026 01:29 UTC)
Billionaire hedge fund manager Bill Ackman is looking to raise between $5 billion and $10 billion through an initial public offering on the New York Stock Exchange for his closed-end fund, Pershing Square. For every 100 shares purchased at $50 each, investors will receive 20 shares in Ackman's alternative asset management firm, Pershing Square Inc., which currently manages about $30.7 billion in total assets. This IPO filing comes after a previous attempt in 2024 to raise up to $25 billion, as Ackman aims to capitalize on recent market volatility to expand his investment empire.