Pershing Square IPO Opens with 16% Drop in PSUS Stock Price
Pershing Square Inc. (PS) and Pershing Square USA (PSUS) opened their combined IPO on April 29, 2026, with PSUS shares down 16% from the $50 IPO price. The IPO raised approximately $5 billion, below the $10 billion target range. Bill Ackman's hedge fund, Pershing Square Capital Management, is now publicly traded.
Topics: Bill Ackman IPO market reaction Pershing Square stock price movement