Hedge fund billionaire Bill Ackman is reportedly planning to take his investment firm, Pershing Square, public. According to sources familiar with the matter, Ackman intends to secure funding for this move by first selling a stake in his firm to investors in a deal that is expected to close soon. This funding round is expected to give Pershing Square a valuation of around $10.5 billion.
Ackman’s decision to go public is unusual for a hedge fund as their performance can be unpredictable and it disrupts the secrecy often associated with these types of firms. However, Ackman’s increasing popularity among retail investors could work in his favor, giving Pershing Square the attention it needs for a successful public debut.
The plan for an IPO could materialize as early as the end of 2025 or the beginning of the following year. The move follows Ackman’s effort to position Pershing Square as an asset management firm rather than a hedge fund, a strategy that could attract a broader investor base. Pershing Square has declined to comment on the report to Business Insider.
Taking Pershing Square public would mark a significant and unconventional step for Bill Ackman in the investment world. It reflects his confidence in the firm’s future prospects and his willingness to embrace new strategies as a leader in the industry.
