Billionaire Bill Ackman unveils bold IPO plan to Robinhood CEO
By Anand Sinha
Published on April 17, 2026.
Billionaire hedge fund manager Bill Ackman has announced plans to take his two companies, Pershing Square USA, Ltd. (PSUS) and Pershing Squeece Inc., in a combined initial public offering (IPO), to raise $5 billion-$10 billion. The announcement was made during a meeting with Robinhood Markets CEO Vlad Tenev. Tnev and Ackman also discussed their plans to invest billions of dollars into large- and mega-cap stocks within weeks. Both companies are expected to be listed on the NYSE at the same time, with each investor receiving 20 PSI shares for no additional cost.
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