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OpenIPO Auctions WR Hambrecht + Co’s OpenIPO® auction is a new way to take companies public that increases access to IPOs. Based on an auction system designed by Nobel Prize-winning economist William Vickrey, our OpenIPO auction uses a mathematical model to treat all qualifying bids in an even-handed and impartial way. It is similar to the model used to auction U.S. Treasury bills, notes and bonds. Just like a typical auction, the highest bidders win in an OpenIPO auction. But there are important differences. In our OpenIPO auction, the entire auction is private, and winning bidders all pay the same price per share – the public offering price. To participate in an OpenIPO auction please contact: David Marcus at (415) 551-8682 dmarcus@wrhambrecht.com
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