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September 7, 2000 | From Bloomberg News
Fleet Boston Financial Corp. may sell a piece of Robertson Stephens in an initial public offering, the San Francisco Chronicle reported, citing a person familiar with the situation. By selling a stake in its San Francisco-based unit, Fleet would be taking advantage of the surge in Internet and biotechnology banking that's spurred a fourfold rise in Robertson Stephens' revenue. Fleet is "riding the tech cycle and riding it as hard as they can," said Steven Eisman, analyst at CIBC World Markets.
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BUSINESS
September 7, 2000 | From Bloomberg News
Fleet Boston Financial Corp. may sell a piece of Robertson Stephens in an initial public offering, the San Francisco Chronicle reported, citing a person familiar with the situation. By selling a stake in its San Francisco-based unit, Fleet would be taking advantage of the surge in Internet and biotechnology banking that's spurred a fourfold rise in Robertson Stephens' revenue. Fleet is "riding the tech cycle and riding it as hard as they can," said Steven Eisman, analyst at CIBC World Markets.
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