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Billionaire Bill Ackman Eyes $10.5B Pershing Square IPO

11/23/2025

Summary

Story summary

According to the Wall Street Journal, billionaire investor Bill Ackman plans to take Pershing Square public early next year, launching Pershing Square USA to trade on the New York Stock Exchange.
Partners could give away up to 10% of Pershing Square shares, potentially valuing the firm above $10.5 billion.
Listing talks are preliminary and may be delayed by market conditions.
Pershing Square was founded in 2004 and is known for activist campaigns with mixed public-market performance.

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Story summary

According to the Wall Street Journal, billionaire investor Bill Ackman plans to take Pershing Square public early next year, launching Pershing Square USA to trade on the New York Stock Exchange.
Partners could give away up to 10% of Pershing Square shares, potentially valuing the firm above $10.5 billion.
Listing talks are preliminary and may be delayed by market conditions.
Pershing Square was founded in 2004 and is known for activist campaigns with mixed public-market performance.