Bill Ackman prepares for 2026 Pershing Square IPO: Report

Bill Ackman, CEO of Pershing Square Capital Management

Billionaire hedge fund manager Bill Ackman is revving up a long-anticipated plan to hold an initial public offering for his Pershing Square Capital Management, the Financial Times reported, citing unidentified people with knowledge of the matter.

Ackman is talking with advisers and has informed some of his firm’s investors of his intent to seek a listing in 2026 — potentially as soon as the first quarter, the newspaper said. Still, the talks are preliminary and the initiative could get shelved depending on market conditions, it said.

A company spokesperson reached by Bloomberg News declined to comment.

Ackman has been laying the groundwork in recent years for what would be a rare market debut of a large hedge fund management firm. Last year, he agreed to sell a stake in Pershing in a private deal that valued it at more than $10 billion and served as a prelude to an IPO, Bloomberg News reported at the time.

Ackman, 59, made a name for himself as an activist investor with an outsize presence on social media and a willingness to take concentrated positions in a relatively small roster of stocks.

He has a net worth of $8.4 billion, according to the Bloomberg Billionaires Index.