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REG-Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (“PSH”) Notes the Closing of Initial Public Offering of Pershing Square USA, Ltd. (“PSUS”) with Aggregate Offering Size of $5 Billion

$PSPress releaseMay 1, 2026, 2:00 AM ETRead the release

Pershing Square Inc. (PS) announced the closing of its initial public offering, concurrent with the $5 billion IPO of its affiliated fund, Pershing Square USA, Ltd. (PSUS). CEO Bill Ackman noted that the newly public management company is positioned as a platform for launching future funds, which may drive further fee efficiencies across the group.

Key figures

Psus offering size
$5 billion
Psh fee reduction rate
20%

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