Overstock.com Begins IPO

from the good-for-them dept

So, Overstock.com started the process of auctioning off their shares for an IPO today. They're using WR Hambrecht's open auction IPO system, which I think is pretty cool of them. The open auction system is a lot more fair, and sets a much more realistic opening price for the stock (and doesn't involve institutional investors and i-bankers lining their pockets unfairly). Of course, not many companies go with the process (in fact, the only one I can think of off the top of my head is Salon.com), so it will be interesting to see how well the Overstock stock is received.
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  1. identicon
    chads, 24 Aug 2002 @ 8:54am

    overstock.com IPO auction

    So, how has the Overstock.com IPO auction gone? Was is a success through Hambrect?

    (This is in reponse to your May 6, 2002 article on their offering through W.R. Hambrect and Co.)

    link to this | view in thread ]


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