Google’s initial public offering in the summer of 2004 caused quite a stir in the international financial community because the issue price was fixed in a so-called Dutch auction. Will there be more such auctions in the future? Does the Dutch auction spell the end of the familiar bookbuilding process, and what consequences would that have on corporate communications with investors, media and analysts? (Full article available in German only…)
Rumors can be very troublesome for a company. Unlike other crises where the cause can be identified relatively quickly, with rumors it is difficult to track down their source and to determine what motives are behind them. This makes it all the more important for companies to retain firm control over their communications policy. (Full article available in German only…)
Corporate governance demands transparent and fair information practices. A good communications policy will be comprehensible, complete in scope, truthful and forthcoming with information at the appropriate time. (Full article available in German only…)
Once the mere announcement of a public offering had investors anxiously hoping they would get a piece of the action. Now the page has turned and the classic methods for valuing companies are undergoing a renaissance. (Full article available in German only…)