Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 12 September 2013
Revision date: 4-Oct-2013
Length: 15 pages
Data source: Published sources
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Abstract
Slater & Gordon (S&G), a midsized Australian law firm with a high-growth consolidation strategy, had an initial public offering (IPO) scheduled for May 2007. Due to a series of regulatory changes in Australia in recent years, the IPO provided an opportunity for S&G to become the first publicly-traded law firm in the world. The firm and its underwriters had just issued a prospectus and were now in the process of lining up investors for the offering. Gloria Rosen, a portfolio manager at Freemantle Securities, was trying to decide whether to buy the stock for her small-cap growth fund. With only a few days left to place an order for the offering, she had to decide whether to invest and, if so, how much to invest. To make her investment decision, Rosen had to understand the value implications of the firm's business model and its growth strategy, as well as the relevant risks.
Location:
Size:
50-500 million, small
Other setting(s):
2007
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 25 June 2013
Revision date: 17-Jul-2013
Length: 35 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Format:
.xlsx
Data source: Published sources
About
Abstract
Slater & Gordon (S&G), a midsized Australian law firm with a high-growth consolidation strategy, had an initial public offering (IPO) scheduled for May 2007. Due to a series of regulatory changes in Australia in recent years, the IPO provided an opportunity for S&G to become the first publicly-traded law firm in the world. The firm and its underwriters had just issued a prospectus and were now in the process of lining up investors for the offering. Gloria Rosen, a portfolio manager at Freemantle Securities, was trying to decide whether to buy the stock for her small-cap growth fund. With only a few days left to place an order for the offering, she had to decide whether to invest and, if so, how much to invest. To make her investment decision, Rosen had to understand the value implications of the firm's business model and its growth strategy, as well as the relevant risks.
Settings
Location:
Size:
50-500 million, small
Other setting(s):
2007
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 25 June 2013
Revision date: 17-Jul-2013
Length: 35 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Format:
.xlsx
Data source: Published sources