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Coupang IPO: Early Investors Stanley Druckenmiller, Bill Ackman Earn Big


Coupang IPO: Early Investors Stanley Druckenmiller, Bill Ackman Earn Big
Mar 12 2021 · 12:25 UTC by John Kiguru · 3 min read
Photo: NYSE / Twitter
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American investors Stanley Druckenmiller and Bill Ackman are set for a huge payday after a record-breaking Coupang IPO. The company debut at $35 on Thursday, surpassing its initial target.
South Korean e-commerce giant Coupang raised $4.6 billion in its IPO on Thursday. Coupang further surpassed expectations of selling at $32-$34 a share by opening at $35 and closing the day as high as $41 (CPNG). At the time of press, its shares have pushed higher and are trading for $49.After selling 130 million shares, the company now has a market capitalization of $88.4 billion. It becomes the largest IPO in the US this year. As early big investors in the company, serial investors Bill Ackman and Stanley Druckenmiller are set to see huge profits ....

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With New $1,400 Stimulus Checks Set for Signing, Here's How First Ones Performing


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The third stimulus bill is set for signing in the next few days. Here is how investors can take full advantage of their stimulus checks.
The record $1.9T relief bill with stimulus checks presupposed is headed to President Biden‘s desk after passing the US House. Economists expect new money to trigger temporary inflation in the short term. Especially with the economy opening up, inflation is almost guaranteed. How can smart money ensure it comes out on top?
Stimulus Checks Performance
Cryptocurrencies, especially Bitcoin, have proven to be great hedges against inflation. The first two stimulus checks make it evident that not only is Bitcoin a great hedge against the dollar but also a great store of value. An account on Twitter has been tracking how the first and second stimulus checks have been performing if invested in Bitcoin. The first check was for $1,200 and was sent out on April, 15th 2020. At the time, Bitco ....

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