May 31, 2024, 1:00 PM
May 31, 2024, 12:00 AM

Bill Ackman is looking for an IPO of Pershing Square

CNBC
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Source
Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day

Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.

Fox News
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Source
Bill Ackman eyes IPO of Pershing Square

Pershing Square managed about $16.3 billion in net assets as of the end of April; other asset managers with valuations in the same ballpark manage several times that.

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