Renowned investor Ackman's Pershing Square seeks to raise up to $10 billion through an IPO

NightAirdropper · 2026-03-11T12:45:52+00:00

Billionaire Bill Ackman, along with his hedge fund and new closed-end fund, is returning to the IPO market with plans to raise $5 billion to $10 billion through Pershing Square USA Ltd. Investors who purchase fund shares will receive equity in the asset management company, demonstrating his long-term strategy to expand to public market investors.

NightAirdropper

2026-03-11 12:45:52

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The Wall Street Journal, March 11 — Billionaire Bill Ackman is returning to the IPO market with a joint issuance of his hedge fund management company and a new closed-end fund. This marks the latest move in his long-term strategy to extend his asset management empire into public market investors. Documents filed with the U.S. Securities and Exchange Commission show that the IPO of the closed-end fund Pershing Square USA Ltd. will also give investors shares in the alternative asset management firm Pershing Square Inc. The documents indicate that for every 100 shares of the IPO of this closed-end fund subscribed to, investors will receive 20 shares of the asset management company’s stock. Ackman plans to raise $5 billion to $10 billion for Pershing Square USA through this transaction, and investors who subscribe to the fund at $50 per share will receive free shares of the asset management company.

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