Faculty News | New York Times | 19 Feb 2012
No Bitter Aftertaste From This Stock Offering
Re: Jim Koch (MBA ’74) & Matthew Rhodes-Kropf
Matthew Rhodes-Kropf, a professor at Harvard Business School, says I.P.O. auctions are still relatively rare because of those factors, and because they are not in the fundamental interest of most banks. "Wall Street will always hate I.P.O. auctions," he says, "because Wall Street is all about insider access, and these auctions take it away."

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