![]() to relaunch Bed Bath & Beyond website after buying intellectual property for $21.5Mīed Bath & Beyond NYC customers ‘devastated’ after bankruptcy filingįreeman has also interned at Volaris Capital, a New Jersey-based hedge fund. ‘Revamped’ Bed Bath & Beyond emerges from bankruptcy with online siteīed Bath & Beyond ends auction for Buybuy Baby stores after underwhelming bids Scott Freeman, who is a former pharmaceutical executive. “I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.”įreeman said that the initial $25 million stake that he bought in the company was made possible by raising money from friends and family.įreeman told FT that he has been investing alongside his uncle. “I certainly did not expect such a vicious rally upwards,” Freeman told FT. Jake Freeman owned $130 million worth of stock. Jake Freeman bought 5 million shared of Bed, Bath & Beyond. Regulatory filings reviewed by Financial Times showed that Freeman sold more than $130 million worth of stock using his TD Ameritrade and Interactive Brokers accounts. ![]() ![]() On Tuesday, the stock price soared to more than $27 a share. He owned around 6% of the company as a result of his investment. Jake Freeman, who is studying applied mathematics and economics at the University of Southern California, bought 5 million shares in Bed Bath & Beyond in July at just under $5.50 a share. A 20-year-old college student made $110 million by selling his stake in retailer Bed Bath & Beyond after the company’s stock price surged over a one-month period this summer - an echo of last year’s “meme stock” boom.
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