Coupang Investor Ackman Donates Shares to Charity
The hedge-fund manager Bill Ackman is donating shares of Coupang, the Amazon of South Korea,â to various charities days after its stock exchange debut.
Author:
Mar 15, 2021 2:50 PM EDT
The hedge fund investor Bill Ackman has donated his stake in the South Korea e-commerce company Coupang (
The founder of Pershing Square Capital Management tweeted on Monday that he will split his 26.5 million shares, valued at $1.36 billion, among three entities.
These include his Pershing Square Foundation, a donor-advised funds program, and another non-profit that wasn t identified.
Noting that he was a “day one investor” in Coupang, Ackman said the donated shares will now “benefit humanity.”
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