The Journal. cover image

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

The Journal.

NOTE

Urgency in IPO Momentum is Crucial

The letter outlines the importance of demonstrating momentum for the IPO by urging shareholders to place orders quickly and revealing expected capital raises that fell short of initial projections. It highlights the usually confidential nature of such details and the unexpected public disclosure due to legal requirements.

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