Chipotle Mexican Grill(US:CMG) Benzinga·2026-03-10 12:28Group 1 - Billionaire investor Bill Ackman's Pershing Square has filed for U.S. initial public offerings for both his hedge fund and a new fund, featuring a dual listing structure on the NYSE [1] - The new fund, Pershing Square USA, aims to raise between $5 billion and $10 billion, with shares priced at $50 each [2] - Investors purchasing shares in Pershing Square USA will receive 20 shares in Ackman's hedge fund, Pershing Square Capital Management, for every 100 shares bought in the new fund [2] Group 2 - The IPO for Pershing Square was initially hinted at in November, with plans for a unique dual public offering for both Pershing Square and the new investment fund [3] - The IPO is currently planned for early 2026, aligning with the timeline set by Ackman [3] - Ackman recently stepped down from the Board of Directors of Universal Music Group N.V. to focus on new obligations related to Howard Hughes [4]