Famous fund manager Bill Ackman is planning to push Pan Xing Plaza to go public in the first quarter of next year, with an estimated valuation of over 10 billion US dollars!

According to informed sources, billionaire hedge fund manager Bill Ackman is accelerating the long-awaited IPO plan for his Pershing Square Capital Management firm. Sources say Ackman has been in discussions with advisors and has informed some fund investors of plans to seek a listing in 2026 (potentially as early as the first quarter). However, the same sources point out that negotiations are still in the preliminary stages and the plan may be put on hold due to market conditions. In recent years, Ackman has been preparing for the listing of this large hedge fund management company - a rare case in the market. Last year, he sold part of Pershing Square's equity through private transactions, valuing the company at over $10 billion, seen as a prelude to the IPO. Ackman is known for his activist investor image, having a strong presence on social media and being willing to concentrate on a small number of stocks. According to the Bloomberg Billionaires Index, his net worth is $8.4 billion. Most of Pershing Square's assets are held in Pershing Square Holdings, a closed-end fund traded in London, which as of the end of October held 15 positions and managed assets of $19.3 billion. As of November 18, the fund has returned over 17% this year. Last year, Ackman announced plans to list a similar fund on the New York Stock Exchange, called Pershing Square United States Limited. His goal was to raise up to $25 billion, but after raising only about $2 billion, he temporarily canceled the listing. In May of this year, Pershing Square reached an agreement to increase its stake in Howard Hughes Corporation to nearly 47%, with plans to turn it into an insurance company and expand this real estate company into a group holding other listed and unlisted businesses. He likened this model to Warren Buffett's Berkshire Hathaway, which benefits greatly from using insurance company stakes to provide low-cost funds for other investments.