Bill Ackman Gets Richer, Raises $2.7B in Dutch IPO

The transcript discusses Bill Ackman's public offering of his fund, initially planned to raise $2 billion but increased to $2.7 billion, priced at $25 per share in Amsterdam. Despite being controversial, Ackman has a strong track record, excluding some setbacks like JCPenney and Target. His fund's market cap is expected to reach $6.3 billion, with total assets nearing $20 billion, placing him among top investors like Dan Loeb. Ackman's strategic moves, such as separating Wendy's and Tim Horton's, are highlighted. His stance on Herbalife, predicting its stock to go to zero, is also discussed, despite opposition from other major investors.

What was the initial amount Bill Ackman planned to raise for his fund before increasing it?

• 3 billion

• 2 billion

• 1 billion

• 2.5 billion

In which city was Bill Ackman's fund priced at the high end?

• Tokyo

• New York

• London

• Amsterdam

Which two companies did Bill Ackman strategically separate, according to the transcript?

• Pepsi and Coca-Cola

• Burger King and McDonald's

• Wendy's and Tim Horton's

• Starbucks and Dunkin'

Who are some of the notable investors mentioned as being in the same universe as Bill Ackman?

• Warren Buffett and Charlie Munger

• Dan Loeb and Alan Howard

• Mark Cuban and Richard Branson

• Elon Musk and Jeff Bezos

What is Bill Ackman's prediction for Herbalife's stock, as mentioned in the transcript?

• It will double in value

• It will go to zero

• It will be acquired

• It will split into two companies