Domain: openipo.com
Stories and comments across the archive that link to openipo.com.
Comments · 7
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Re:Who is raising what 50 MM for? 300MM?
Yes, plus the URL is missing the ".com". OpenIPO
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Broken Link
The link to OpenIPO is broken. It should be:
http://www.openipo.com/
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Re:IPO: It's Probably Overpriced
Although it is not perfect, I think that the Hambrecht Open IPO system is a good attempt by one of the most "inside" insiders to reduce the inequities
:) of the equities IPO market.
I would be interested in the learned opinions of some of the IANASB's out there.
Thank you and I'll take my answer offline.... -
Re:Do the same thing as redhatCan't be done with the OpenIPO system. This is an auction, meant to get a fair price on day one, with no real potential for flipping by insiders.
For details, see www.openipo.com.
A much better mechanism, IMHO. Kudos to Andover for taking the risk with a challenge to the traditional IPO system.
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Re:Who currently owns Andover?> What were the terms of the acquisitions of
/. and fm?
> Were they bought outright for cash, or was it a cash and shares deal, leaving
> CmdrTaco, Hemos and Scoop with shares in Andover?
> If so, I hope you guys make a fortune out of it.There is a whole section on this in the prospectus.
In short, there is both an employment agreement at $90k/yr and a healthy stock deal.
See pgs. 50-51 of the Prospectus, which is to say pages 54 & 55 in the pdf numbering scheme. -
There are other ways...An interestine alternative to both the "traditional" way of doing IPOs and the Wit Capital/E*Trade way that I ran across: OpenIPO.com.
The idea is that you place a bid for the number of shares you are interested in and a price. When the bid deadline arrives, the bids are ranked in descending order by price. Starting from the top, bids are accepted until there are no more shares left. Then (and this is the key) all the people who have had their bids accepted pay the price of the lowest accepted bid. This is called a "Vickrey auction." It seems a lot fairer to me, and I hope the company gets some decent IPOs and survives.
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OpenIPOI really wish that they had used Open IPO for their IPO> It would have fit in very nicely with the nature of Linux. Ah well. Maybe I'll buy some eventually.
You may also be interested to see what folks have to say about RHAT over at techstocks.com, here and here. (You might need to register to see these, not sure...)