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Pershing Square on Tuesday filed for dual initial public offerings on the New York Stock Exchange, of the hedge fund and of a new fund, a document published by the US Securities & Exchange Commission showed. The investment company, listed as Pershing Square Holdings Ltd in London, said it has secured $2.8 billion in commitments and expects to raise between $5 billion and $10 billion in the combined transaction. Pershing Square is led by Bill Ackman, a hedge fund manager with a net worth of around $9 billion, according to Forbes. The company said shares are being offered at a public offering price of $50.00 per share. ‘We currently expect to deliver to each initial investor in the PSUS IPO, for no additional consideration, 20 shares of our common stock for every 100 PSUS shares purchased in the PSUS IPO,’ the firm said. Pershing Square shares jumped 6.0% on the FTSE 100 in London to 4,246.00 pence on Tuesday midday, worth around $57.06, making it the second-best performer on the index, after Persimmon PLC which was up 7.2%. For a brief time, Pershing Square was the top performer on Tuesday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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