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Coatue Sees Big Gain From Unicorn IPO
The Tiger Cub’s private investment funds have been busy for the past few months as some of its longtime holdings have gone public.
A big first-day pop in shares of cloud-computing company Anaplan gave a big boost to the private equity arm of Philippe Laffont’s Coatue Management, which owned 7.7 percent of the company’s shares before its initial public offering on Friday and 6.6 percent after the IPO.Anaplan, a so-called unicorn because it
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