
On April 13, Bill Ackman kicked off the marketing plan for his upcoming intial public offering (IPO), beginning the process to raise $5 billion to $10 billion for his Pershing Square fund as part of a combined IPO. The roadshow will pitch the IPO to investors with a dual structure. The U.S. Securities and Exchange Commission (SEC) filing does not mention a specific IPO date, but the financial media consensus expects that it will happen on April 28.