2min chapter

The Journal. cover image

$25 Billion to Zero: Bill Ackman’s Bungled IPO

The Journal.

CHAPTER

The Struggles of Fundraising: A Shift in IPO Expectations

This chapter explores Bill Ackman's efforts to secure funding for his IPO, particularly his change in target from $25 billion to $10 billion amid a tepid investor response. It highlights his strategy in engaging existing hedge fund shareholders to build momentum before the IPO's deadline.

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