Martin Shkreli: I Made $60M When My Pharma Company Went Public (Part 5)
June 23, 2024
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5:00Now PlayingMartin Shkreli: I Made $60M When My Pharma Company Went Public (Part 5)
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Martin Shkreli discussed his financial success when his pharmaceutical company, Retrophin, went public. Shkreli shared an intriguing backstory into the company. Initially a private entity, Retrophin experienced overwhelming investor interest, with demand far exceeding their $40 million target during their Nasdaq IPO. Shkreli recounted a critical moment when Vivek demanded every dollar of his $15 million investment, citing his early faith in Shkreli's vision. Despite fierce competition from other investors, Shkreli honored Vivek's request, a decision he reminisced about with admiration. Retrophin's stock surged from its initial public price of around $3 to as high as $28, contributing to Shkreli’s fortune of approximately $60 million. Despite this financial success, Shkreli’s tenure at the helm was cut short.
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