We founded WR Hambrecht + Co in January 1998 to level the playing field for investors and our corporate clients. Based on our experience taking companies public, we knew that there had to be a better way to do initial public offerings.
We had three objectives:
- find an efficient way to determine the true market demand for the shares
- be able to allocate the shares to investors who really want to own the stock
- treat all investors, including individuals, equally
Our OpenIPO® and our other auction products accomplish all three objectives and allow offerings to be priced and allocated transparently and fairly. Issuers are able to see every bid, and every investor knows that his bid is treated equally.
Founded in 1998 by Bill Hambrecht, WR Hambrecht + Co is a financial services firm committed to using technology and auction processes to provide open and fair access to financial markets for all its clients. The firm’s impartial auctions have dramatically changed the traditional investment banking landscape by allowing the market to determine pricing and allocations.
The OpenIPO® auction, for example, levels the playing field in initial public offerings, allowing individuals and institutional investors to bid online for shares of an IPO. All investors end up paying the same price – a price determined by the auction.
The OpenBook® auction for corporate bonds, is an online system that offers transparent, real-time price discovery.
OpenFollowOn® auction extends the transparency and real-time price discovery of the OpenBook auction to follow-on equity offerings allowing interactive bidding and gives investors a view into the book as it builds.
WR Hambrecht + Co continues to identify markets where auctions will benefit investors and issuers. We provide underwriting and advisory services for technology and emerging growth companies.
WR Hambrecht + Co is headquartered in San Francisco with offices in New York.
William R. Hambrecht
In 1968, Bill co-founded Hambrecht & Quist, an investment banking firm specializing in emerging high-growth technology companies. He founded WR Hambrecht + Co in 1998, introducing OpenIPO® as a means to level the playing field for both investors and issuers. Bill has served as a director for numerous private and public companies. He currently serves as a Board Member of the Presidio Trust in San Francisco. In October, 2006, Bill was inducted to the American Academy of Arts and Sciences. Bill graduated from Princeton University.