W.R. Hambrecht + Co.: OpenIPO Harvard Case Solution & Analysis

W.R. Hambrecht + Co.: OpenIPO Case Solution

OpenIPO is a brand new mechanism for spreading and pricing initial public offerings. The system, which relies on a Dutch auction, signifies an effort by the investment bank W.R. Hambrecht Co. to alter the way in which IPOs are underwritten. The instance provides a setting in which to discuss the present set of institutional arrangements concerning the underwriting of IPOs, including the well known occurrence of the first-day spike in cost. This article alsoprovidesa vehicle for discussing the function of intermediaries and markets and the informational efficiency of stock prices in supplying investors with firm-specific info. It canbe used to discuss the problems raised by the distribution of securities on the internet and electronic trading to people that were comparatively uninformed.

This is just an excerpt. This case is about FINANCE & ACCOUNTING

PUBLICATION DATE: October 20, 1999

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W.R. Hambrecht + Co.: OpenIPO

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