Pershing Square Capital Management founder Bill Ackman said Tuesday that proposals to sell a piece of the mortgage agencies Fannie Mae and Freddie Mac in an initial public offering is not possible in the short term.

The US government, which has been controlling the enterprises for 17 years, has been considering different structures for a potential IPO, including the creation of a single company representing both of them, but the complexity of such a deal has been a hurdle.

“The sale of a piece of these companies to the public is neither feasible nor desirable at this moment,” Ackman said during a presentation posted on X on Tuesday. Both companies are already listed in the over-the-counter market.

President Trump’s administration is “opportunistically evaluating” such an IPO, possibl

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