Ackman’s Wait for His Long-Awaited Fund Offering
The billionaire financier’s U.S.-listed investment vehicle is facing a delay in pricing its I.P.O., the latest speed bump in its journey to the public markets.
By Andrew Ross SorkinRavi MattuBernhard WarnerSarah KesslerMichael J. de la MercedLauren HirschEphrat LivniTheodore Schleifer and
![Bill Ackman has had to delay the I.P.O. of his latest fund amid scrutiny of a letter he wrote to some investors about its prospects.](https://cdn.statically.io/img/static01.nyt.com/images/2024/07/29/world/29ackerman/29ackerman-thumbLarge.jpg?auto=webp)
![Bill Ackman has had to delay the I.P.O. of his latest fund amid scrutiny of a letter he wrote to some investors about its prospects.](https://cdn.statically.io/img/static01.nyt.com/images/2024/07/29/world/29ackerman/29ackerman-threeByTwoMediumAt2X.jpg?auto=webp)