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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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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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?Numbers Show Apple Shareholders Have Already Gotten Plenty

Harvard Business Review

9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. The only time in its history when Apple raised funds on the stock market was its 1980 IPO, which provided it with $97 million.

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Can Your Company Survive a Bubble?

Harvard Business Review

As best I can tell, there are three levels of bubble danger (they correlate somewhat with Hyman Minsky's three stages of economic danger: Ponzi, speculative, and hedge finance). What should executives do when their company is caught up in a bubble? The Ponzi bubble. Does it have a plan for when the flow of cash from investors dries up?

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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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What Happened to Goldman Sachs?

Harvard Business Review

Update: Politico's Ben White did have a brief testimonial from hedge fund manager and Goldman client Whitney Tilson this morning.) That may just be because some of the partnership ethos lived on nine years after the IPO, meaning that the firm is unlikely to do so well in the next financial crisis.

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