Bill Ackman plots IPO of hedge fund Pershing Square in early 2026
Billionaire investor seeking to take investment group public as early as the first quarter of next year
Billionaire investor seeking to take investment group public as early as the first quarter of next year

Listing for Pershing Square USA set to bring in about $5bn after setting range as high as $10bn

Weak investor demand hits hedge fund chief’s scaled-back double offering

The hedge fund manager is seeking to extend his Pershing Square portfolio in multiple vehicles

Strategy would echo doomsday trades that earned Pershing Square a big windfall during the pandemic

Push to widen access comes with high fees, average returns and ‘ample dollops of additional risk’, says Olympus Partners founder

Despite the increasing supply of private capital, going public is still an important step in the life of a business