$25 Billion to Zero: Bill Ackman’s Bungled IPO
The Journal.
The Rise and Fall of an Ambitious IPO Dream
This chapter explores the rapid downfall of Bill Ackman's $25 billion IPO for a closed-end fund, thwarted by unmet fundraising goals. It also reflects on Ackman's reputation for bold investment strategies and his overall solid performance as a hedge fund manager despite this setback.
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