---
title: "Billionaire Bill Ackman’s new fund IPO goes bust on day 1, drops nearly 20% — but here’s why first day flops don’t always mean long-term failures"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284969727.md"
description: "Despite the IPO's horrific first-day performance, Ackman is confident that \"it's going to be a very good long-term ride\" for his new shareholders."
datetime: "2026-05-02T14:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284969727.md)
  - [en](https://longbridge.com/en/news/284969727.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284969727.md)
---

# Billionaire Bill Ackman’s new fund IPO goes bust on day 1, drops nearly 20% — but here’s why first day flops don’t always mean long-term failures

Despite the IPO's horrific first-day performance, Ackman is confident that "it's going to be a very good long-term ride" for his new shareholders.

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