>Doug Henwood writes:
>> True, but you're forgetting that IPOs are more about the sizzle than
>> the steak - or the promise of sizzle, even. Decades of experience
>> show that buying IPOs is financial suicide (unless you're one of the
>> lucky ones cut in at the zero hour).
>
>Is there any way to level the playing field? I've been hearing some buzz
>about the OpenIPO model:
>
> http://www.openipo.com/ind/auctions/openipo/index.html
>
> "The auction process allows shares of an initial public
> offering to be allocated in an equal and impartial way. All
> successful bidders pay the same price per share."
>
>Is this just putting a friendly face on a probable suicidal
>investment? And if not, what would attract a firm to use an auction
>like this, instead of the usual IPO model?
Our host, Jordan Hayes, helped Hambrecht develop the OpenIPO. Jordan?
Doug