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What the Lending Club IPO Means for Business

Harvard Business Review

Lending Club, a San Francisco-based peer-to-peer lending start-up, filed for an IPO yesterday, hoping to raise half a billion dollars at a $5 billion valuation. According to Mills’ research, “most [peer-to-peer lenders] are large institutional investors such as hedge funds and investment banks.”

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The Right Way to Run an IPO Road Show

Harvard Business Review

— from private equity to hedge funds to IPOs. In today's see-saw economy, just as important as the timing of your IPO is being prepared and spot-on with your messaging. I've never met an IPO team that couldn't talk for days about their business and their industry — that's what makes them the experts.

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When an Activist Hedge Fund Thinks a Company’s Salaries Are Too High, Who’s Right?

Harvard Business Review

The hedge fund founded and run by billionaire Paul Singer just announced that it now owns 6.2% Its IPO in 1999 was a sensation ; by autumn 2000 its market capitalization topped $65 billion and the ratio of its stock price to the next year’s projected earnings was a staggering 483. On the whole, it seems to work. It’s not all good news.

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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business Review

That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance. No board would allow a finance function to focus exclusively on investor reporting or risk hedging, but this type of mistake is all too common when it comes to HR.

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Should Dual-Class Shares Be Banned?

Harvard Business Review

This clause automatically converts a superior voting share to a low-vote class at a fixed time after IPO. We calculated the years after IPO when a growth company becomes a mature company in its lifecycle for the stocks listed on U.S. But how can one argue against a mandatory sunset clause? stock exchanges.

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How Blockchain Is Changing Finance

Harvard Business Review

Traditionally, companies target angel investors in the early stages of a new business, and later look to venture capitalists, eventually culminating in an initial public offering (IPO) on a stock exchange. Menlo Park venture capital firm Andreessen Horowitz joined USV in investing in Polychain Capital , a hedge fund that only buys tokens.

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GE’s Fall Has Been Accelerated by Two Problems. Most Other Big Companies Face Them, Too.

Harvard Business Review

GE’s fall accelerated on October 25, 2015, with activist hedge fund Trian announcing a $2.5 billion equity investment in GE stock, one that made it a top 10 shareholder. GE stock was trading at $25.47 at the time of announcement, with a dividend of $0.92

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