Bill Ackman Prepares for 2026 Pershing Square IPO, FT Says

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.