Ken Langone
Ken Langone is an American billionaire businessman and financier best known for organizing the financing that enabled Bernie Marcus and Arthur Blank to found The Home Depot in 1978. He founded the venture capital firm Invemed Associates in 1974 and earlier built his Wall Street reputation by managing Ross Perot's Electronic Data Systems IPO. He is a prominent philanthropist and a major donor to the Republican Party.
“There are thousands and thousands of early Home Depot associates who became multimillionaires because of this...”
Source→“Home Depot IPO'd in 1981 with interest rates near 20%... $32 million market cap... cut the deal size from $6M to $3M”
Source→“Bear Stearns — Investment bank that reluctantly underwrote Home Depot's 1981 IPO as a favor to Ken Langone, then cut the deal size from $6M to $3M.”
Source→“Ross Perot's technology/enterprise services company; Ken Langone managed its IPO, establishing his reputation.”
Source→“Sandy Sigaloff ("Ming the Merciless") — Turnaround CEO brought in to run Dalen out of bankruptcy”
Source→“Jeffrey Chanin — Sigaloff's lieutenant who negotiated (unsuccessfully, then successfully at a much higher price) to buy back Ken Langone's Handy Dan shares.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.