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

GateUser-bd883c58 · 2026-03-20T21:22:46+00:00

Billionaire Bill Ackman and his hedge fund are re-entering the IPO market, jointly issuing a new closed-end fund called Pershing Square USA Ltd., with plans to raise $5 billion to $10 billion in capital. Investors subscribing to shares in the fund will receive Pershing Square Inc. shares, further expanding its asset management business.

GateUser-bd883c58

2026-03-20 21:22:46

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Billionaire Bill Ackman is returning to the IPO market with his hedge fund management company and a newly launched closed-end fund, marking 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 initial public offering 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 IPO shares of the closed-end fund purchased, investors will receive 20 shares of the asset management company. Ackman plans to raise $5 billion to $10 billion for Pershing Square USA through this transaction, with investors who subscribe to the fund at $50 per share receiving free shares of the management company. (Sina Finance)

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