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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 […] -
Give My Regrets to Wall Street (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 and investing Digital ArticleThe market cares about a company’s leaders, not just its metrics. -
Everything You Need to Know About Stock Options and RSUs
Budgets and budgeting Digital ArticleJust like salary, you should negotiate equity compensation. -
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 […] -
The SPAC Bubble Is About to Burst
Strategy & Execution Digital ArticleLimited oversight, tons of money, and hype for days. What could go wrong? -
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... -
If Snap's Strategy Is Building New Products, It Won't Live Up to Its IPO Price
Innovation & Leadership Digital ArticleThe value is in platforms, not products. -
How I Did It: Google’s CEO on the Enduring Lessons of a Quirky IPO
IPOs Magazine ArticleThe Idea: When Google announced its intention to go public, in 2004, all eyes were on its unorthodox strategy. Here’s how it played out. -
A Tale of Two Innovators Going Public
Disruptive innovation 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 threat” disruptor based on his previous experience with PayPal and Space Exploration Technologies. A successful stock market introduction led to Musk being worth millions, on paper at least. […] -
Yelp's IPO Will Test the Flaws in Its Business Model
Communication 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... -
Hang On to Those Founders
Innovation & Entrepreneurship Magazine ArticleCompanies that retain their CEO founders when preparing for IPOs often come out ahead in the long run, says Martin L. Martens at Concordia University. -
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... -
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? -
No, WeWork Isn't a Tech Company. Here's Why That Matters
Innovation & Leadership Digital ArticleThe kind of company it is influences investors and its valuation. -
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 […] -
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 […] -
Too Soon to IPO? (HBR Case Study)
Innovation & Entrepreneurship Magazine ArticleFour years ago, Diane Ashton and Sundeep Lal were working together at MIT on a titanium extraction project. Durable and highly heat resistant, titanium... -
To Be a Fly on the Wall at Facebook on IPO Day
Finance and investing Digital ArticleFacebook “goes public” Friday, May 18th. Imagine what it might be like inside the company right now. Soon, paper stock option agreements tucked into employee compensation folders could erupt into cascades of real dollars. Maybe employees will soon barge through the doors and board shuttle busses to the BMW dealerships, software bugs be damned. Or […] -
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...
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Jet Airways (India) Limited - Brand Building and Valuation: Industry Note
Finance & Accounting Case Study8.95View Details The case documents how Naresh Goyal, chairman of Jet Airways (India) Limited founded the airline and related business group, and built the 'Jet Airways'... -
RightNow Technologies
Innovation & Entrepreneurship Case Study11.95View Details The founder and CEO of a CRM software start-up must decide between an attractive acquisition offer and the opportunity to go public. Discusses the growth... -
Inditex: 2000
Strategy & Execution Case Study11.95View Details In 2000, Inditex was one of the largest specialty apparel retailers in the world, with $2.4 billion in sales from 1,080 stores across 33 countries. Zara,... -
National Demographics & Lifestyles (B)
Innovation & Entrepreneurship Case Study5.00View Details Picks up where National Demographics & Lifestyles (A) left off, describing the company's financing and very successful performance through 1987. At this... -
The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder?
Organizational Development Case Study11.95View Details Uber Technologies, the privately held ride-sharing service and logistics platform, suffered a series of PR crises during 2017. As Uber's legal and PR... -
Endo Pharmaceuticals (E): Judge Stein Rules
Innovation & Entrepreneurship Case Study5.00View Details An abstract is not available for this product. -
Mondavi Winery
Communication Case Study11.95View Details Examines Mondavi Winery's struggle to communicate its value proposition to the market following an apparently successful IPO. The Mondavi Winery had a... -
Juner New Materials: On the Road to IPO
Innovation & Entrepreneurship Case Study11.95View Details Juner New Materials (Juner) is a private China - based company that develops, produces, and distributes modified plastic compounds. Founded in 1995 by... -
Advent International: Kroton Investment
Finance & Accounting Case Study11.95View Details -
Haidilao International Holding Ltd: Initial Public Offering for Expansion
Finance & Accounting Case Study11.95View Details On September 26, 2018, the Chinese hotpot chain Haidilao International Holding Ltd. launched an initial public offering, during a time of ongoing trade... -
HCA, Inc. LBO Exit
Finance & Accounting Case Study11.95View Details This case discusses the events following the 2006 $33.2 billion buyout of Hospital Corporation of America (HCA) by a consortium of private equity firms,... -
Spiegel Online
Strategy & Execution Case Study11.95View Details Spiegel Online (www.spiegel.de) is the leading news Web site in Germany. The site was first designed to accompany Der Spiegel, one of Europe's largest... -
Lundbeck A/S
Finance & Accounting Case Study11.95View Details The Lundbeck case study describes the initial public offering (IPO) that the company made in the summer of 1999. The focus of the case is about valuation,... -
Warburg Pincus and emgs: The IPO Decision (A)
Finance & Accounting Case Study11.95View Details Two partners of Warburg Pincus, a global private equity firm, are trying to decide whether to take a portfolio company public, and on what exchange. The... -
Roku, Inc.: Initial Public Offering
Finance & Accounting Case Study11.95View Details In September 2017, a senior portfolio manager at Portland Capital Management had all her attention focused on the upcoming initial public offering (IPO)... -
Aqua Bounty
Innovation & Entrepreneurship Case Study11.95View 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... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for High Flyer Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
Beyondsoft IPO A
Organizational Development Case Study11.95View Details Beyondsoft, a leading software outsourcing enterprises in China, began to make preparations for its overseas listing in 2004, including establishing a... -
Square, Inc. IPO
Finance & Accounting Case Study11.95View Details In November 2015, Square, Inc. launched its initial public offering (IPO). The IPO had an offering price of $9 per share, lower than the $11 to $13 estimate... -
Hong Kong Broadband Network: Co-Ownership Scheme Leading to Successful MBO and IPO
Organizational Development Case Study11.95View Details This case describes how Hong Kong Broadband Network (HKBN), a leading provider of broadband, IPTV, and long-distance services in Hong Kong with approximately...
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Jet Airways (India) Limited - Brand Building and Valuation: Industry Note
Finance & Accounting Case Study8.95View Details The case documents how Naresh Goyal, chairman of Jet Airways (India) Limited founded the airline and related business group, and built the 'Jet Airways'... -
RightNow Technologies
Innovation & Entrepreneurship Case Study11.95View Details The founder and CEO of a CRM software start-up must decide between an attractive acquisition offer and the opportunity to go public. Discusses the growth... -
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 […] -
Inditex: 2000
Strategy & Execution Case Study11.95View Details In 2000, Inditex was one of the largest specialty apparel retailers in the world, with $2.4 billion in sales from 1,080 stores across 33 countries. Zara,... -
National Demographics & Lifestyles (B)
Innovation & Entrepreneurship Case Study5.00View Details Picks up where National Demographics & Lifestyles (A) left off, describing the company's financing and very successful performance through 1987. At this... -
Give My Regrets to Wall Street (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... -
The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder?
Organizational Development Case Study11.95View Details Uber Technologies, the privately held ride-sharing service and logistics platform, suffered a series of PR crises during 2017. As Uber's legal and PR... -
Endo Pharmaceuticals (E): Judge Stein Rules
Innovation & Entrepreneurship Case Study5.00View Details An abstract is not available for this product. -
What Wall Street Wants to See From Twitter’s Executives (and Why It’s Wrong)
Finance and investing Digital ArticleThe market cares about a company’s leaders, not just its metrics. -
Mondavi Winery
Communication Case Study11.95View Details Examines Mondavi Winery's struggle to communicate its value proposition to the market following an apparently successful IPO. The Mondavi Winery had a...