Hambrecht & amp; Quist ( H & amp; Q ) is an investment bank based in San Francisco, California that is known for its focus on the technology and internet sector. H & amp; Q was founded by William Hambrecht and George Quist in California, in 1968.
H & amp; Q was an early technology player, underwriting initial public offering (IPOs) for Apple Computer, Genentech, and Adobe Systems in the 1980s. In the 1990s, H & amp; Q also supports IPO Netscape, MP3.com, and Amazon.com.
Competition in the investment banking industry in the late 1990s limited H & Q to grow as an independent company, and in 1999 Hambrecht & Quist was obtained for $ 1.35 billion by Chase Manhattan Bank. H & amp; Q was originally named "Chase Securities West" but was eventually given the name "Chase H & amp; Q" after marketing research revealed that the H & amp; Q is still valuable. This unit eventually lost H & amp; Q name and become part of JPMorgan Chase. H & amp; Q live in a closed health fund run by Hambrecht & amp; Quist Capital Management in Boston.
After leaving H & amp; Q, founder of Hambrecht popularized the "OpenIPO" model, in which the Dutch auction allows anyone, not just to invest insiders, to buy shares in an IPO, potentially earning more money for startup. Among the companies adopting this model are Overstock.com, Ravenswood Winery, and Salon Media Group
Video Hambrecht & Quist
See also
- WR Hambrecht Co., an investment bank founded by William Hambrecht after the acquisition of H & amp; Q
- H & amp; Q Asia Pacific, a private equity firm focused on Asian markets
Maps Hambrecht & Quist
References
Source of the article : Wikipedia
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