-
A Cheaper Way to Do IPOs
Finance & Accounting Magazine ArticleInitial public offerings are expensive, and many owners turn to M&A instead. But a little-understood mechanism known as a tax receivable agreement can... -
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 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 […] -
Yelp's IPO Will Test the Flaws in Its Business Model
Sales & Marketing Digital ArticleYelp's IPO filing comes hot on the heels of successful IPOs and high valuations for Angie's List and Groupon. Yelp's timing reflects both a tech-friendly... -
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 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 […] -
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
Innovation & Leadership Digital ArticleWhy are some networks so much more profitable than others? -
Too Soon to IPO?
Accounting Magazine ArticleThe market for IPOs is still open, and Titrolyte’s new titanium extraction technology has blockbuster potential. Will a public offering yield fool’s gold for the founders—or the real thing? -
How Unicorns Grow
Entrepreneurial financing Magazine ArticleStart-ups are getting bigger faster than ever—but that’s no guarantee of success. -
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... -
What Founders Need to Know Before Selling Their Startup
Entrepreneurs and founders Digital ArticleYou might be surprised at what your acquirer will agree to — if you just ask. -
The SPAC Bubble Is About to Burst
Strategy & Execution Digital ArticleLimited oversight, tons of money, and hype for days. What could go wrong? -
A Tale of Two Innovators Going Public
Innovation & Leadership Digital ArticleA few weeks ago, electric vehicle manufacturer Tesla Motors issued stock to the public. Its charismatic CEO Elon Musk was once touted by Wired as a "triple... -
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 […] -
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 (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... -
What Wall Street Wants to See From Twitter's Executives (and Why It's Wrong)
Finance & Accounting Digital ArticleThe market cares about a company's leaders, not just its metrics. -
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 […] -
Twitter, that Old Media Darling
Social media Digital ArticleTwitter’s value proposition looks awfully familiar to one researcher.
-
Wit Capital: Evolution of the Online Investment Bank
Technology & Operations Case Study8.95View Details Wit Capital brings democracy to the IPO process via the World Wide Web. This case encourages debate about the role service will play in this technology-intermediated... -
Cincom Systems, Inc.
Leadership & Managing People Case Study8.95View Details Tom Nies, charismatic CEO of Cincom Systems, is considering a public offering of his software enterprise, but the 1987 stock market crash checks his plans.... -
Netflix: Going Public
Innovation & Entrepreneurship Case Study8.95View Details For Netflix's IPO, on May 23, 2002, the company selected Merrill Lynch as the lease underwriter. The case details the process the offering team followed... -
Walking the IPO Catwalk: Rent the Runway's Public Offering
Management Case Study8.95View Details This case examines Rent the Runway (RTR), a company that provided its customers the luxury of getting to wear the hottest designer fashions without having... -
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... -
Kendle International, Inc.
Finance & Accounting Case Study8.95View Details Candace Kendle and Christopher Bergen, the CEO and COO of Kendle International, Inc., are reviewing ways to finance the growth of their privately-owned... -
Celtel International B.V.: June 2004 (B)
Innovation & Entrepreneurship Case Study5.00View Details Supplements the (A) case. A rewritten version of an earlier case. -
Infosys Technologies
Technology & Operations Case Study8.95View Details Creating and sustaining a third-world-based technology company to compete globally (i.e. in the first-world) poses many challenges. Such challenges are... -
Endo Pharmaceuticals (E): Judge Stein Rules
Innovation & Entrepreneurship Case Study5.00View Details An abstract is not available for this product. -
Mondavi Winery
Communication Case Study8.95View Details Examines Mondavi Winery's struggle to communicate its value proposition to the market following an apparently successful IPO. The Mondavi Winery had a... -
Strategic Direction: JD.com CEO's Challenge
Strategy & Execution Case Study8.95View Details The objective of the case is for instructors to teach students how to analyze the strategic situation of a company and use this analysis to evaluate alternative... -
CML Group, Inc.: Going Public (B)
Innovation & Entrepreneurship Case Study5.00View Details Contains a description of some issues confronting management of CML Group as the company progresses toward making an initial public offering. Among the... -
Aqua Bounty, Spanish Version
Innovation & Entrepreneurship Case Study8.95View Details Valuation of a pre-revenue biotech company at IPO using probability trees and real option techniques. Company is based in Massachusetts and lists in London... -
Glassdoor: The Fundraising Journey (A)
Innovation & Entrepreneurship Case Study8.95View 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... -
Vialog Corp.
Innovation & Entrepreneurship Case Study8.95View Details Traces the origin of Vialog Corp.--from its founding in 1996 through a roll-up of several independent teleconferencing companies in 1997 and its initial... -
Cutter & Buck (A)
Innovation & Entrepreneurship Case Study8.95View Details Only three short months into her new position as CEO of publicly traded golf apparel manufacturer Cutter & Buck, Fran Conley discovers accounting irregularities... -
The IPO of Agricultural Bank of China (ABC) (A)
Finance & Accounting Case Study8.95View Details No abstract available. -
Netscape's Initial Public Offering, Chinese Version
Finance & Accounting Case Study8.95View Details In August 1995, Netscape's board of directors was confronted with a decision about what price to offer the company's shares in its initial public offering... -
Genset Initial Public Offering (B)
Finance & Accounting Case Study5.00View Details Supplements the (A) case.
-
Everything You Need to Know About Stock Options and RSUs
Budgets and budgeting AdviceJust like salary, you should negotiate equity compensation. -
Wit Capital: Evolution of the Online Investment Bank
Technology & Operations Case Study8.95View Details Wit Capital brings democracy to the IPO process via the World Wide Web. This case encourages debate about the role service will play in this technology-intermediated... -
Cincom Systems, Inc.
Leadership & Managing People Case Study8.95View Details Tom Nies, charismatic CEO of Cincom Systems, is considering a public offering of his software enterprise, but the 1987 stock market crash checks his plans.... -
Netflix: Going Public
Innovation & Entrepreneurship Case Study8.95View Details For Netflix's IPO, on May 23, 2002, the company selected Merrill Lynch as the lease underwriter. The case details the process the offering team followed... -
Walking the IPO Catwalk: Rent the Runway's Public Offering
Management Case Study8.95View Details This case examines Rent the Runway (RTR), a company that provided its customers the luxury of getting to wear the hottest designer fashions without having... -
A Cheaper Way to Do IPOs
Finance & Accounting Magazine ArticleInitial public offerings are expensive, and many owners turn to M&A instead. But a little-understood mechanism known as a tax receivable agreement can... -
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... -
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... -
Kendle International, Inc.
Finance & Accounting Case Study8.95View Details Candace Kendle and Christopher Bergen, the CEO and COO of Kendle International, Inc., are reviewing ways to finance the growth of their privately-owned...