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Problem:
Case Study: Google IPO, by Matthias Hild for University of Virginia, No. UV3867
If auctions are so good at raising capital for the issuer, why does Hambrecht's record look so poor?
Summary
This question is basically belongs to Finance as well as it explains about the case study The Google IPO. The case study is about Google going public in the year 2004. The question is about why auctions process does not work well with IPOs. The solution discusses this briefly.
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