Hedge-fund manager Bill Ackman is planning to take his investment firm, Pershing Square, public as soon as next year. According to the Wall Street Journal, the initial public offering (IPO) is expected to value the firm at approximately $10.5 billion. As a precursor to the public listing, Ackman is selling a stake in Pershing Square to investors in a funding round. The funding deal, which is expected to close soon, will help prepare for the IPO. Pershing Square currently manages $16.3 billion in assets. Ackman aims to capitalize on his social-media fame with this bold move. The IPO is expected to occur by late 2025 or early 2026.
