Icahn Enterprises L.P.
|Company Name||Icahn Enterprises L.P.|
On May 2, 2023, Hindenburg Research published a report alleging, among other things, that IEP units are inflated by more than 75% due to the Company trading “at a 218% premium to its last reported net asset value.” The report also claimed that the Company operates a “ponzi-like economic structure” and “has been using money taken in from new investors to pay out dividends to old investors.”
On this news, IEP’s stock price fell $10.06, or 20%, to close at $40.36 per share on May 2, 2023, thereby injuring investors.
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