Because of series of regulatory changes in Australia in the last few years, the IPO provided an opportunity for S&G to become the first freely-traded law firm in the world. The company was in the procedure for lining up investors for the offering and its underwriters had only issued a prospectus. Gloria Rosen, a portfolio manager at the Freemantle Securities, was attempting to decide whether to buy the stock for her small cap growth fund. With around few days left to put an order for the offering, she had to decide whether to invest and, if so, how much to invest. Rosen needed to comprehend its particular growth strategy and the value consequences of the company's business model, together with the pertinent dangers, to make her investment decision.
PUBLICATION DATE: October 17, 2012 PRODUCT #: 213019-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
