Founder & CEO at Pershing Square Capital Management
Investors must evaluate if the price makes sense in light of the company's future. Traditionally, IPOs allowed retail investors to buy in early and make a fortune. But once a company goes public at a trillion-dollar valuation, it is harder for retail investors to capture massive growth.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
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