Finance

Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

Shares of Bill Ackman’s Pershing Square USA Ltd. opened 16% below their IPO price, after the combined initial public offering for the closed-end fund and his alternative asset manager raised $5 billion.

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Bloomberg
April 29, 2026·1 min read
Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

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Shares of Bill Ackman’s Pershing Square USA Ltd. opened 16% below their IPO price, after the combined initial public offering for the closed-end fund and his alternative asset manager raised $5 billion.

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Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

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