The Margin: Harvard professor rides 17,000% return in a single stock to become a billionaire
Moderna
MRNA,
+2.57%
went public in late 2018, bursting on the Wall Street scene as the biggest biotech IPO in history. Timothy Springer, a Harvard medical professor, saw his stake in the company fatten his bottom line by a whopping $320 million by the end of the trading day.After that, he REALLY got rich.
Less than two years later, and the 72-year-old has ridden a 17,000% return…
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