Investor Bill Ackman’s hedge fund, Pershing Square, has filed for a $10 billion initial public offering (IPO) to list on the New York Stock Exchange following a delay of more than a year.

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In its filing with the U.S. Securities and Exchange Commission (SEC), Pershing Square stated that it has secured $2.8 billion in commitments ahead of the IPO. The company is seeking to raise between $5 billion and $10 billion, according to the filing.

Ackman had previously sought to take Pershing Square public in 2024.

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