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Billionaire investors Bill Ackman and Stanley Druckenmiller invested in Coupang years before its $4.6 billion IPO this week


Billionaire investors Bill Ackman and Stanley Druckenmiller invested in Coupang years before its $4.6 billion IPO this week
tmohamed@businessinsider.com (Theron Mohamed)
Bill Ackman and Stanley Druckenmiller were early investors in South Korea s Coupang.
Ackman introduced founder Bom Kim to another of his key investors, David Frankel.
Rose Park Advisors, founded by author Clayton Christensen, is another shareholder.
Billionaire investors Bill Ackman and Stanley Druckenmiller were early backers of Coupang, the South Korean e-commerce group which raised $4.6 billion on Thursday in the biggest US IPO of the year so far.
David Frankel, the cofounder of Founder Collective, tweeted a slide from one of Coupang s investor presentations that listed his firm and Ackman as key investors. It also named Rose Park Advisors, the investment firm set up by Clayton Christensen - the late Harvard Business School professor and author of The Innovator s Dile ....

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