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IPO filing research
PERSHING SQUARE INC.
Investment Advice · PS
ipo
trading
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NYSE
424B4
PERSHING SQUARE INC. IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: 424B4 on 2026-04-30. Current deal snapshot: exchange NYSE.
Filing Timeline
SEC EDGAR
424B4
priced
Final prospectus
Final prospectus filed after pricing with final deal terms.
First tracked pre-IPO filing for this issuer.
Price $0.00 · 8,103,392 shares · Gross proceeds $0.00
Common Stock (par value $0.001) · Exchange NYSE · Ticker PS · Selling stockholders only · Use of proceeds No proceeds to the company · Underwriters Citigroup, UBS, BofA
Pershing Square Inc. is conducting a combined offering with Pershing Square USA, Ltd. (PSUS), involving an initial public offering (IPO) of 40,516,960 PSUS shares and a separate IPO of 8,103,392 common shares. The offering is part of a larger transaction that includes a private placement of PSUS shares and a related private placement of Pershing Square Inc. shares. The combined offering will not generate proceeds for Pershing Square Inc., and the company’s shares will trade on the NYSE under 'PS'. The structure includes a special voting arrangement to maintain control by senior management, and the company is classified as an emerging growth company.
2026-04-30 · 0001140361-26-018103
8-A12B
effective
Exchange Act registration
Registration filed to list the securities under the Exchange Act ahead of trading.
Follows DRS/A and registers the class of securities for exchange listing.
Pershing Square Inc. filed Form 8-A12B to register its common stock, par value $0.001 per share, for listing on the New York Stock Exchange. The registration is part of a broader offering, with details referenced in a prospectus included in the company's prior S-1 registration statement (File No. 333-294165). The filing confirms the securities are being registered under Section 12(b) of the Securities Exchange Act of 1934.
2026-04-29 · 0001140361-26-017538
CERT
inactive
CERT
Pre-IPO filing captured from the SEC submission timeline.
Follows DRS in the pre-IPO sequence.
PERSHING SQUARE INC. filed a registration statement (CERT) on 2026-04-29, following a previous effectiveness notice (EFFECT) on 2026-04-28. The current filing likely outlines details for an upcoming IPO, though specific terms are obscured in the provided text.
2026-04-29 · 0000876661-26-000370
EFFECT
effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
First tracked pre-IPO filing for this issuer.
Pershing Square Inc. has received effectiveness for its Form S-1 registration statement, marking the final step toward its initial public offering (IPO). The company, previously a Delaware limited partnership, is converting into a Nevada corporation and will list its common stock on the NYSE under the ticker 'PS'. The IPO is part of a combined offering with Pershing Square USA, Ltd. (PSUS), a closed-end investment company. Pershing Square Inc. will issue shares to PSUS IPO investors at a 1:5 ratio, with no proceeds to the company. The combined transaction includes a $2.8 billion private placement and a $5–$10 billion IPO, contingent on closing conditions.
2026-04-28 · 9999999995-26-001355
S-1/A
amended
Amended registration statement
Updated registration statement filed after SEC comments or deal changes.
First tracked pre-IPO filing for this issuer.
33,120,000 shares
Common Stock (par value $0.001) · Exchange NYSE · Ticker PS · Use of proceeds No proceeds to the issuer; proceeds are for PSUS IPO and private placements
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. through a statutory conversion, forming part of a combined offering with PSUS, a closed-end investment company. The offering involves shares of Pershing Square Inc. issued to PSUS IPO investors, with no proceeds to the company. The transaction includes a private placement of PSUS Shares and a special voting arrangement to maintain control by senior management via ManagementCo.
2026-04-23 · 0001140361-26-016419
S-1/A
amended
Amended registration statement
Updated registration statement filed after SEC comments or deal changes.
First tracked pre-IPO filing for this issuer.
Common · Exchange NYSE · Ticker PS · 1 share of common stock for every 5 PSUS Shares · Use of proceeds No issuer proceeds; proceeds go to selling stockholders · Flags units
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. through a statutory conversion, enabling its initial public offering (IPO) of common stock. The offering is part of a combined transaction with PSUS, a closed-end investment company, where PSUS IPO investors receive Pershing Square Inc. shares. The IPO involves a private placement of PSUS Shares and Pershing Square Inc. stock, with underwriters including Citigroup, UBS, and BofA. The filing outlines the corporate structure, capitalization, and risks associated with the combined offering.
2026-04-20 · 0001140361-26-015515
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
First tracked pre-IPO filing for this issuer.
Common Stock of Pershing Square Holdco, L.P. · Use of proceeds For organizational, offering, and operational expenses. · Underwriters Citigroup Global Markets Inc., UBS Securities LLC, BofA Securities, Inc.
The current filing provides details about the Combined Offering of Pershing Square USA, Ltd. (PSUS) and Pershing Square Inc. (PSI), including the structure of the initial public offerings (IPOs) and risks associated with the investments. It emphasizes that the registration statements have not yet become effective and highlights the speculative nature of investing in PSUS and PSI, including leverage, market discounts, and reliance on key personnel.
2026-04-14 · 0001140361-26-014629
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
Follows DRS and supplements the active offering with updated prospectus details.
Price $50.00 · Gross proceeds $5,000,000,000
common · Exchange NYSE · 5 PSUS Shares for 1 PSI Share · Use of proceeds Investment according to investment objective · Underwriters Citigroup Global Markets Inc., UBS Investment Bank, BofA Securities, Inc.
Pershing Square USA, Ltd. (PSUS) and Pershing Square Inc. (PSI) have launched a Combined IPO, offering PSUS Shares at $50 each and providing one PSI Share per five PSUS Shares. The IPO aims to raise at least $5 billion, including a $2.8 billion private placement, with proceeds to be used for investments by PSUS. The Combined IPO is subject to SEC approval and market conditions, with shares expected to list on the NYSE under symbols 'PSUS' and 'PS'.
2026-04-14 · 0001140361-26-014457
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
First tracked pre-IPO filing for this issuer.
common stock of Pershing Square Holdco, L.P. (PSI) · Use of proceeds to cover organizational, offering, and operational expenses · Underwriters Citigroup Global Markets Inc., UBS Securities LLC, BofA Securities, Inc.
Pershing Square Holdco, L.P. (PSI) and Pershing Square USA, Ltd. (PSUS) are conducting a combined offering of their securities, including PSUS's common shares and PSI's common stock. The filing provides details about the registration statements, risks, and structure of the offerings, emphasizing the speculative nature of investments and potential conflicts of interest, such as Robinhood's involvement. The documents highlight the risks associated with leverage, lack of diversification, and market volatility.
2026-04-14 · 0001140361-26-014451
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
Follows DRS and supplements the active offering with updated prospectus details.
common shares of beneficial interest (PSUS Common Shares) and common stock (PSI Common Stock)
Pershing Square Holdco, L.P. is preparing for a combined offering of common shares of Pershing Square USA, Ltd. (PSUS) and common stock of Pershing Square Inc. (PSI), subject to SEC review. The offering includes a corporate conversion from a limited partnership to a corporation, with PSUS structured as a non-diversified, closed-end investment company. The combined offering involves a 1:5 share exchange ratio for PSUS IPO investors and is contingent on market conditions and regulatory approvals.
2026-04-13 · 0001140361-26-014381
S-1/A
amended
Amended registration statement
Updated registration statement filed after SEC comments or deal changes.
First tracked pre-IPO filing for this issuer.
Common · Exchange NYSE · Ticker PS · Selling stockholders only · Use of proceeds No issuer proceeds; proceeds go to selling stockholders
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. and conducting a combined offering with PSUS, a closed-end investment company. The offering includes common stock and PSUS Shares, with a private placement component. The company is an emerging growth company and has a special voting arrangement to maintain control. The combined transaction involves $2.8 billion in private placements and $5-10 billion in total proceeds.
2026-04-13 · 0001140361-26-014335
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
Follows DRS/A and supplements the active offering with updated prospectus details.
Underwriters Citigroup Global Markets Inc., UBS Securities LLC, BofA Securities, Inc.
Pershing Square Holdco, L.P. (PSI) and Pershing Square USA, Ltd. (PSUS) are advancing a combined offering involving an IPO of PSI's common stock and PSUS's shares. The filings (FWP and N-2 Registration Statement) remain pending SEC approval, with securities not yet available for sale. A key update includes William A. Ackman's public statement on X regarding the offering, emphasizing the interdependence of the combined transaction and the need for investors to review the Registration Statements for detailed terms.
2026-03-10 · 0001140361-26-008859
FWP
supplemental
Free writing prospectus
Prospectus supplement or marketing filing that often updates active offering terms.
Follows FWP and supplements the active offering with updated prospectus details.
Exchange NYSE · Ticker PSUS · Use of proceeds Proceeds will be used for the combined offering and growth of fee-paying assets under management.
The current filing details Pershing Square Holdco, L.P.'s combined offering involving Pershing Square USA, Ltd. (PSUS) and Pershing Square Inc. (PSI). Investors in the PSUS IPO receive bonus shares in PSI, aligning their interests with PSI's growth. The filing emphasizes PSI's asset-light business model, focus on long-term value creation, and a preferred performance fee structure designed to retain talent. It highlights PSI's competitive advantage through permanent capital vehicles, low overhead, and alignment with shareholder interests.
2026-03-10 · 0001140361-26-008624
S-1
filed
Initial registration statement
Initial public filing submitted to start the SEC review process.
Follows FWP in the pre-IPO sequence.
16,700,000 shares
Common · Exchange NYSE · Ticker PS · 20 shares of common stock per 100 PSUS Shares · Selling stockholders only · Use of proceeds No proceeds to the issuer; shares sold by existing holders · Flags units
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. to conduct an initial public offering (IPO) alongside the PSUS IPO, a closed-end investment company. The combined offering involves issuing Pershing Square Inc. shares to PSUS IPO investors at no additional cost, with proceeds from the PSUS Private Placement and IPO expected to range between $5 billion and $10 billion. The offering includes a Special Voting Share structure to maintain control over investment management agreements and a controlled company designation under NYSE rules.
2026-03-10 · 0001140361-26-008560
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Pershing Square Holdco, L.P. is preparing to convert into Pershing Square Inc., a Nevada corporation, as part of a combined offering with the PSUS IPO. The offering involves issuing common stock to initial PSUS IPO investors, with no proceeds to the company. A special voting arrangement ensures management control, and the company will be a 'controlled company' under NYSE rules. The filing highlights the interdependence of the combined offering and PSUS IPO, with detailed share allocation and ownership structures.
2026-02-17 · 0001140361-26-005549
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Pershing Square Holdco, L.P. is seeking to convert into a Nevada corporation named Pershing Square Inc. through a Corporate Conversion, preceding a combined initial public offering (IPO) with Pershing Square USA, Ltd. (PSUS). The offering involves issuing common stock to initial PSUS IPO investors without additional consideration, with no proceeds to Pershing Square Inc. The combined offering is structured as a single transaction, with shares of Pershing Square Inc. and PSUS Shares trading separately on the NYSE. The company is classified as an emerging growth company and has implemented a special voting arrangement to safeguard against change of control events.
2025-11-12 · 0001140361-25-041440
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. via a statutory conversion, with the current filing as an amendment to Form S-1. The offering is part of a combined IPO with Pershing Square USA, Ltd. (PSUS), involving common stock of Pershing Square Inc. and PSUS Shares. The company is an emerging growth company, with a special voting arrangement to protect against control changes. The combined offering will not generate proceeds for Pershing Square Inc., and shares will trade separately on the NYSE under symbol 'PS'.
2025-08-12 · 0001140361-25-030618
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS filing.
Pershing Square Holdco, L.P. is converting to a Nevada corporation named Pershing Square Inc. and initiating an IPO of its common stock concurrent with Pershing Square USA, Ltd.'s (PSUS) IPO. The offering involves issuing shares to PSUS IPO investors without additional consideration, with no proceeds to Pershing Square Inc. The company will be a 'controlled company' post-offering due to a special voting share structure, limiting shareholder influence. The filing also notes the company's status as an emerging growth company with reduced reporting requirements.
2025-02-18 · 0001140361-25-005015
DRS
filed
Draft registration statement
Draft registration filed confidentially before the public launch.
First tracked pre-IPO filing for this issuer.
Pershing Square Holdco, L.P. is registering for an initial public offering (IPO) of its common stock, transitioning from a Delaware limited partnership to a Nevada corporation named Pershing Square Inc. The offering is concurrent with the IPO of Pershing Square USA, Ltd. (PSUS), with shares of Pershing Square Inc. to be listed on the NYSE under the symbol 'PS.' The filing outlines the corporate conversion, voting structure involving a Special Voting Share, and the role of underwriters including Citigroup, UBS, and BofA Securities.
2024-12-31 · 0001140361-24-050701
Comparable Deals
2 comparable deals
FinancialsMicro (<$50M)CitigroupLast 18 months
Only 0 strict matches; expanded to 2 using nearest neighbors.
IPOGrid Spotlight
Pershing Square’s $5 Billion IPO Solved the Fundraise, Not the Discount
Ackman’s dual listing gave PSUS permanent capital and left public investors sorting out the structure
Daily Spotlight · May 18, 2026
Pershing Square Brings Ackman's Permanent-Capital Pitch Back to the IPO Market
Pershing Square's paired IPO tests appetite for Ackman's permanent-capital platform
Daily Spotlight · April 21, 2026
Recent News
Pershing Square USA opens ~18% below IPO price in NYSE debut - MSN
MSN · 2026-05-02T15:18:58.000Z
Pershing Square confirms IPO proceeds of $5B - MSN
MSN · 2026-05-02T06:32:52.000Z
Pershing Square confirms IPO proceeds of $5B - MSN
MSN · 2026-05-02T02:48:54.000Z
Bill Ackman's AI Stock Picks: Amazon, Alphabet, and Meta in Pershing Square Portfolio - News and Statistics - IndexBox
IndexBox · 2026-05-02T00:00:00.000Z
Bill Ackman takes public questions on Pershing Square, PSUS IPOs - Stock Titan
Stock Titan · 2026-05-01T22:52:12.000Z
U.S. Markets Closed Mixed Friday As Pershing Square Led, Summit Therapeutics Lagged - Barron's
Barron's · 2026-05-01T20:11:00.000Z
Pershing Square USA: Expect Further Discounts Over Time
seekingalpha.com · 2026-05-01T06:55:00.000Z
Bill Ackman blames retail investors for fall in Pershing Square stock prices - report
seekingalpha.com · 2026-05-01T05:08:00.000Z