By Stephen Nakrosis
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.
Pershing Square Inc. is a closed-end investment company managed by Pershing Square Capital Management. The IPO is a component of a single offering which includes Pershing Square USA, Ltd., the company said in a Securities and Exchange Commission filing on Thursday.
Pershing Square Inc. said shares will be issued only to the initial investors in the Pershing Square USA IPO. Investors will receive for, no additional consideration, 20 shares of Pershing Square Inc. for every 100 shares purchased in the Pershing Square USA IPO, the company added. Pershing Square USA is a non-diversified, closed-end management investment company, whose investment manager is also Pershing Square Capital Management.
Pershing Square Inc. applied to list its shares on the NYSE under the symbol PS. Concurrently, Pershing Square USA shares are expected to list on the NYSE under the symbol PSUS.
Pershing Square filed registration statements for the dual IPOs in March.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 23, 2026 17:53 ET (21:53 GMT)
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