Bill Gates Among Big Winners With Vroom Doubling in Debut
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Bill Gates, already the world’s second-richest person, got an added boost as his investment in used-car platform Vroom Inc. more than doubled on the company’s first day of trading.
Shares of New York-based Vroom soared 118% on Tuesday, lifting the value of Gates’s roughly 6% holding by more than $175 million. The stock climbed again Wednesday, advancing 16% to $55.44 at 9:48 a.m. in New York.