Hambrecht Takes IPOS Public


OpenIPO (http://www.openipo.com) is WR Hambrecht & Co.'s hot new electronic underwriting service. But don't take our word for it. American Century and Instinet thought enough of it to tuck a few dollars of their own into the product. The concept: allow retail participation in IPOs. (Andover.net will be the third firm to try it.) Currently, shares in high-quality IPOs are allocated among large institutions and those that enjoy close ties to the underwriters, excluding smaller institutions and

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