Ackman's Pershing targets $5 billion IPO for closed-end fund, Bloomberg News reports-December 2024-www.financetom.com

Ackman's Pershing targets $5 billion IPO for closed-end fund, Bloomberg News reports

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Ackman's Pershing targets $5 billion IPO for closed-end fund, Bloomberg News reports

Nov 25, 2025 1:56 PM

(Reuters) -Billionaire investor Bill Ackman is aiming to raise $5 billion through the U.S. listing of his closed-end fund, Bloomberg News reported on Tuesday, citing people with knowledge of the offering.

Pershing Square did not immediately respond to a Reuters request for comment.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Arun Koyyur)

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