Billionaire Bill Ackman files to take Pershing Square public on the NYSE
Bill Ackman's Pershing Square is filing to go public on the NYSE with a $5B-$10B raise, modeling its structure after Berkshire Hathaway.Summary
Billionaire Bill Ackman is taking his New York-based hedge fund, Pershing Square Capital Management, public through a dual listing on the NYSE alongside its existing PSUS closed-end fund. The firm is targeting a capital raise between $5 billion and $10 billion, offering PSUS shares at $50 and including Pershing Square stock in the deal. Ackman intends for this effort to create a permanent-capital investment structure similar to Warren Buffett’s Berkshire Hathaway. Founded in 2004, Pershing Square manages over $20 billion, focusing on undervalued companies. While the fund experienced a recent dip of about 10% through February 2026 due to heavy exposure to major tech stocks like Alphabet and Meta, its long-term performance remains strong, delivering about 16% annual returns since inception. Furthermore, Ackman has cautiously embraced Bitcoin since 2022 as a potential hedge against inflation and dollar depreciation.
(Source：Crypto Briefing)