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Three Headwinds for Facebook's IPO
Technology & Operations Digital ArticleI am not pessimistic about Facebook's future. I have used the social network for eight years and continue to be impressed with Mark Zuckerberg's focus... -
The Staying Power of the Public Corporation
Finance and investing Magazine ArticleReports of the “eclipse of the public corporation” underestimate its institutional staying power and unique capacity for renewal. In his recent HBR article, Michael C. Jensen, a distinguished scholar of corporate finance and governance, argues for a revolution in the structure of ownership and control in the U.S. economy.1 I share many of his criticisms […] -
The Right Way to Run an IPO Road Show
Managing yourself Digital ArticleOver the past 17 years I’ve worked with hundreds of executives to raise billions of dollars — from private equity to hedge funds to IPOs. I’ve seen road shows done right, but I’ve also seen every mistake in the book. In today’s see-saw economy, just as important as the timing of your IPO is being […] -
Give My Regrets to Wall Street (HBR Case Study and Commentary)
Strategy & Execution Magazine ArticleIt's been only four years since First Rangeway Consulting went public, but to CEO Kenneth Charles, it seems like a lifetime. In the grand old days of... -
The Strategy Question at the Center of Lyft's IPO, Chinese Version
Innovation & Leadership Digital ArticleWhy are some networks so much more profitable than others? -
How Unicorns Grow
Innovation & Entrepreneurship Magazine ArticleStart-ups seem to be getting bigger faster than ever--Uber is just one example of today's "unicorns," or private, venture-backed companies valued at a... -
Give My Regrets to Wall Street (Commentary for HBR Case Study)
Strategy & Execution Magazine ArticleIt's been only four years since First Rangeway Consulting went public, but to CEO Kenneth Charles, it seems like a lifetime. In the grand old days of... -
To Be a Fly on the Wall at Facebook on IPO Day
Finance and investing Digital ArticleFacebook “goes public” Friday, May 18th. Imagine what it might be like inside the company right now. Soon, paper stock option agreements tucked into employee compensation folders could erupt into cascades of real dollars. Maybe employees will soon barge through the doors and board shuttle busses to the BMW dealerships, software bugs be damned. Or […] -
No, WeWork Isn’t a Tech Company. Here’s Why That Matters
IPOs Digital ArticleThe kind of company it is influences investors and its valuation. -
Pure Storage’s CEO on Choosing the Right Time for an IPO
Entrepreneurship Magazine ArticleDietzen and his team weighed the risks and advantages of going public. -
Give My Regrets to Wall Street (HBR Case Study)
Strategy & Execution Magazine ArticleIt's been only four years since First Rangeway Consulting went public, but to CEO Kenneth Charles, it seems like a lifetime. In the grand old days of... -
Too Soon to IPO? (Commentary for HBR Case Study)
Innovation & Entrepreneurship Magazine ArticleFour years ago, Diane Ashton and Sundeep Lal were working together at MIT on a titanium extraction project. Durable and highly heat resistant, titanium... -
If Snap's Strategy Is Building New Products, It Won't Live Up to Its IPO Price
Innovation & Leadership Digital ArticleThe value is in platforms, not products. -
Eclipse of the Public Corporation
IPOs Magazine ArticleNew organizations are emerging in its place—organizations that are corporate in form but have no public shareholders and are not listed or traded on organized exchanges. These organizations use public and private debt, rather than public equity, as their major source of capital. Their primary owners are not households but large institutions and entrepreneurs that […] -
Google's CEO on the Enduring Lessons of a Quirky IPO
Leadership & Managing People Magazine ArticleSix years ago, Google's IPO was the most hotly anticipated public offering of the year. But in classic Google style, the offering was neither typical... -
Second Thoughts On Going Public
Corporate governance Magazine ArticleWhether, when, and how to take a family or individually owned company public are decisions that have faced a great many entrepreneurs. They have taken actions that have brought happiness and fulfillment to some and unhappiness to others. Perhaps people who are presently reflecting on such dilemmas can draw some useful thoughts from a study […] -
The SPAC Bubble Is About to Burst
Strategy & Execution Digital ArticleLimited oversight, tons of money, and hype for days. What could go wrong? -
Too Soon to IPO? (HBR Case Study and Commentary)
Innovation & Entrepreneurship Magazine ArticleFour years ago, Diane Ashton and Sundeep Lal were working together at MIT on a titanium extraction project. Durable and highly heat resistant, titanium... -
What Wall Street Wants to See From Twitter’s Executives (and Why It’s Wrong)
Finance and investing Digital ArticleThe market cares about a company’s leaders, not just its metrics. -
The Public Corporation Is Finally in Eclipse
Mergers and acquisitions Magazine ArticleIn his classic 1989 HBR article “Eclipse of the Public Corporation,” Michael Jensen analyzed early leveraged buyouts and identified a new form of corporate organization, the LBO association. He believed it would outperform the traditional public company thanks to “pay-for-performance compensation systems, substantial equity ownership by managers and directors, and contracts with owners and creditors […]
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CanniMed Therapeutics Inc.: The IPO Dilemma
Finance & Accounting Case Study8.95View Details In November 2016, the chief executive officer of CanniMed Therapeutics Inc. was considering the company's options for raising capital through an initial... -
Thermo Electron Corp.
Finance & Accounting Case Study8.95View Details George Hatsopoulos, CEO at Thermo Electron Corp., is considering whether to issue shares in a subsidiary via an initial public offering (IPO). The company... -
Alibaba Goes Public (B)
Finance & Accounting Case Study5.00View Details Update on Alibaba Group's share price performance and related events in the year following its September 2014 IPO. -
Glassdoor: The Fundraising Journey (B)
Innovation & Entrepreneurship Case Study5.00View Details From his time as a young engineer at Microsoft in 1993, to the challenge of building Glassdoor from the ground up until it reached a valuation of over... -
Celtel International B.V.
Innovation & Entrepreneurship Case Study8.95View Details Mo Ibrahim, chairman of Celtel International, the largest provider of cellular services in sub-Saharan Africa, must decide on his company's future. After... -
Crystal Decisions
Finance & Accounting Case Study8.95View Details Silver Lake Partners led a syndicate that took Seagate private in 2000. Crystal Decisions was an underperforming software subsidiary of Seagate and had... -
ImmuLogic Pharmaceutical Corp. (A): March 1991
Finance & Accounting Case Study6.95View Details ImmuLogic Pharmaceutical Corp., a development-stage biotechnology company, is considering making an initial offering of common stock. The diverse perspectives... -
E.I. du Pont de Nemours and Co.: The Conoco Split-off (A)
Finance & Accounting Case Study8.95View Details After taking 30% of its Conoco oil and gas subsidiary public in the largest domestic initial public offering (IPO) in U.S. history, management of E.I.... -
Juner New Materials: On the Road to IPO
Innovation & Entrepreneurship Case Study8.95View Details Juner New Materials (Juner) is a private China - based company that develops, produces, and distributes modified plastic compounds. Founded in 1995 by... -
Lernout & Hauspie Speech Products, NV: Financing from Start-up through IPO
Finance & Accounting Case Study8.95View Details This case provides a unique illustration of how a high-tech European new venture starts-up, grows, burns cash, stumbles, adapts, captures value, disappoints,... -
IronPort
Organizational Development Case Study8.95View Details Scott Weiss, CEO of IronPort, a leading internet security company, is contemplating an acquisition offer from Cisco Systems in November of 2006. Although... -
MAC Development Corp., Video
Innovation & Entrepreneurship Case Study150.00View Details ... -
Sandy Kurtzig (E)
Innovation & Entrepreneurship Case Study5.00View Details Supplement for Case E727A. -
Xiaomi Inc. in 2018
Strategy & Execution Case Study8.95View Details The case describes Xiaomi's IPO application in 2018, which sheds light on the company's finances and indicates a rebound from declining sales two years... -
The Google IPO
Technology & Operations Case Study8.95View Details In the spring of 2004, Google was one of the most-talked-about IPO ideas since Netscape had gone public in 1995. Bullish investors believed Google could... -
Wildfire Interactive Inc. (B)
Sales & Marketing Case Study5.00View Details Alain Chuard and Victoria Ransom reflected on their history as founders of Wildfire Interactive Inc. (Wildfire). Originally called Promotion Builder,... -
Spin Master Toys: Going Public - The IPO Process
Finance & Accounting Case Study8.95View Details Spin Master, a children's toy and entertainment company, was getting ready for an initial public offering (IPO). Its founders were weighing their options... -
Gome: Bidding for China Paradise, Chinese Version
Finance & Accounting Case Study8.95View Details Gome, China's largest electronics retailer, has the opportunity to acquire China Paradise, the number three player in the Chinese electronic retailer... -
Lending Club: Part B
Finance & Accounting Case Study5.00View Details Lending Club follows the path of founder and CEO Renaud Laplanche as he scales his successful P2P lending company both pre- and post-IPO. From debating... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for Tank Software Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition....
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Everything You Need to Know About Stock Options and RSUs
Finance & Accounting AdviceJust like salary, you should negotiate equity compensation. -
To Sink or Swim When Floating Stock
Finance & Accounting Digital ArticleWhile it's understandable why some companies, like Facebook, might choose to go public at this stage of their growth, the IPO process itself is costly... -
CanniMed Therapeutics Inc.: The IPO Dilemma
Finance & Accounting Case Study8.95View Details In November 2016, the chief executive officer of CanniMed Therapeutics Inc. was considering the company's options for raising capital through an initial... -
Three Headwinds for Facebook's IPO
Technology & Operations Digital ArticleI am not pessimistic about Facebook's future. I have used the social network for eight years and continue to be impressed with Mark Zuckerberg's focus... -
Thermo Electron Corp.
Finance & Accounting Case Study8.95View Details George Hatsopoulos, CEO at Thermo Electron Corp., is considering whether to issue shares in a subsidiary via an initial public offering (IPO). The company... -
W.R. Hambrecht + Co.: OpenIPO, Spreadsheet Supplement
Finance & Accounting Digital ArticleSpreadsheet Supplement for case 200019 -
Warburg Pincus and emgs: The IPO Decision (A), Spreadsheet Supplement
Finance & Accounting Digital ArticleSpreadsheet Supplement for case 807092 -
Alibaba Goes Public (B)
Finance & Accounting Case Study5.00View Details Update on Alibaba Group's share price performance and related events in the year following its September 2014 IPO. -
Glassdoor: The Fundraising Journey (B)
Innovation & Entrepreneurship Case Study5.00View Details From his time as a young engineer at Microsoft in 1993, to the challenge of building Glassdoor from the ground up until it reached a valuation of over... -
Celtel International B.V.
Innovation & Entrepreneurship Case Study8.95View Details Mo Ibrahim, chairman of Celtel International, the largest provider of cellular services in sub-Saharan Africa, must decide on his company's future. After...