---
title: "Ackman's Pershing Square Files $1.66B IPO"
description: "Via Wall Street Journal Markets: Investor Bill Ackman's Pershing Square Inc. plans to offer up to **33.12 million shares** in its initial public offering, at..."
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### Ackman's Pershing Square Files $1.66B IPO

Wall Street Journal Markets • April 23, 2026 at 6:16 PM ET

[×](/tr/market?tab=wsj-markets)

Investor Bill Ackman's Pershing Square Inc. plans to offer up to **33.12 million shares** in its initial public offering, at an expected price of $50 per share. This move represents a significant development for the prominent hedge fund manager as he transitions his investment vehicle to a public listing structure.

The offering could raise approximately **$1.66 billion** based on the expected price range. Ackman, known for his activist investing approach and high-profile bets on companies like Herbalife and Target, will be bringing his fund's structure to public markets, a relatively uncommon strategy in the hedge fund industry.

Market observers view this IPO as potentially increasing transparency and liquidity for Pershing Square's investors. The structure allows the firm to raise permanent capital while providing Ackman with additional flexibility in his investment approach. The timing coincides with a period of heightened interest in alternative investment vehicles among retail investors.

Pershing Square's IPO represents a notable shift in the hedge fund landscape, as prominent managers increasingly explore public listing options to scale their operations and access broader capital sources while maintaining their investment strategies.

[Read original article](https://www.wsj.com/business/ackmans-pershing-square-inc-to-sell-up-to-33-12-million-shares-in-ipo-fe2b8a72)

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