Hedge-fund manager Bill Ackman is selling a 10% stake in Pershing Square ahead of a planned initial public offering (IPO) of his investment firm, according to a source familiar with the matter. The funding round, which values the firm at over $10 billion, will be used to seed additional funds. Ackman plans to list Pershing Square on the stock market as early as late 2025.
Pershing Square's chief investment officer, Ryan Israel, owns 10% of the firm, and the deal would value his stake at approximately $1 billion. Pershing Square manages closed-end funds, including Pershing Square Holdings and Pershing Square USA, which Ackman intends to list on the New York Stock Exchange. Ackman, known for his activist investment style, has a net worth of $2.8 billion.
Market Overview:- Bill Ackman is selling a 10% stake in Pershing Square.
- The funding round values Pershing Square at over $10 billion.
- The IPO for Pershing Square is planned for late 2025.
- Pershing Square's chief investment officer, Ryan Israel, owns 10% of the firm.
- The stake sale will value Israel's share at about $1 billion.
- Pershing Square manages closed-end funds, including Pershing Square Holdings Ltd. and Pershing Square USA Ltd.
- The IPO is expected to enhance Ackman's influence in the market.
- The stake sale proceeds will be used to seed additional funds.
- Ackman’s net worth is set to increase following the completion of the stake sale.
Ackman, known for his activist investment approach and social media presence, has made high-profile bets against companies such as Herbalife (HLF) and MBIA (MBI). Recently, he has been vocal in supporting Israel and combating antisemitism on U.S. college campuses. The upcoming IPO of Pershing Square marks a significant step in Ackman's investment journey, potentially increasing his influence and financial power.
The sale of a 10% stake in Pershing Square is part of Ackman's strategy to position the firm for its public debut. The deal, expected to be announced next week, signifies a major milestone for Pershing Square, which has about $15 billion in assets and is publicly traded in Amsterdam and London. The planned IPO will bring Pershing Square to the New York Stock Exchange, further cementing Ackman’s presence in the financial markets.
