December 9, 1999 |
The third time seemed to be the charm Wednesday for San Francisco investment bank W.R. Hambrecht & Co.'s innovative "OpenIPO" system, given the successful initial public offering sold by Acton, Mass.-based Andover.net Inc. through lead underwriter Hambrecht. Shares of Andover.net (ticker symbol: ANDN), which runs a network of Web sites about the Linux computer operating system and other so-called open-source software, more than tripled in their trading debut Wednesday on Nasdaq to close at $63.
January 16, 2003 |
William R. Hambrecht has had a lot better luck picking stocks than picking grapes. The Bay Area investment banker who co-founded Hambrecht & Quist and took public some of the biggest names in technology is now struggling to hold on to his favorite private investment: his prestigious Sonoma County winery. Hambrecht recently defaulted on a $732,993 loan payment on Belvedere Winery in Healdsburg, Calif.
March 29, 2003
* Adelphia Communications Corp. can move to Denver from Coudersport, Pa., a bankruptcy judge said, turning aside objections by founder John Rigas and a shareholders' panel. * Salon Media Group Inc. said it raised $800,000, enough to keep the company out of the dot-com graveyard. Investment banker Bill Hambrecht and Adobe Systems Inc. founder John Warnock provided the financial reprieve.
April 29, 1999 |
W.R. Hambrecht & Co., the San Francisco investment bank founded by Bill Hambrecht, said Wednesday that computer networking giant Novell Inc. has taken a minority stake in the firm. The size and amount of the stake by Novell, made through its venture capital arm, wasn't disclosed. The investment is expected to help W.R. Hambrecht, formed in January 1998, fund its growth. The firm recently launched its OpenIPO system, an auction-based method of taking companies public on the Internet.
May 31, 2007 |
A Wall Street dealmaker and Google executive are teaming up to form a professional football league with the intent of putting franchises in North American cities with no NFL teams. Investment banker Bill Hambrecht and Tim Armstrong, vice president of advertising sales for Google Inc., have pledged $2 million each to form the United Football League, slated to begin as soon as August 2008. The two reportedly have recruited their first franchise owner in Mark Cuban, owner of the Dallas Mavericks.
April 10, 1999 |
In an innovative first-time stock offering that allowed individual investors to set share prices and buy stock directly online, Ravenswood Winery Inc. of Sonoma's stock rose 38 cents Friday to close at $10.88 in its Nasdaq debut. The initial public offering, or IPO, was priced Thursday night at $10.50 a share and was underwritten by San Francisco investment bank W.R. Hambrecht & Co. through its "OpenIPO" system.