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2003

“J.P. Morgan, W.R. Hambrecht Hit by IPO Drop on Wall Street West”

May 2, 2003 Bloomberg William Hambrecht gets behind the wheel of his Toyota Solara convertible one or two days a week to drive through Silicon Valley, stumping for investment banking business. He says he’s not finding much right now. He’s the same William Hambrecht who in 1968 founded Hambrecht & Quist Group, the first of the technology-oriented West Coast investment banks. He helped take public Apple Computer Inc. and Genentech Inc. In 1996, his firm managed 42 initial public offerings with a combined market value of $1.9 billion. Now, Hambrecht may as well be prospecting in Death Valley as in …
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