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Case
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Reference no. 201-042-1
Authors: Ingo Walter
Published by: INSEAD
Published in: 2001

Abstract

The IPO of World Online on the Amsterdam Stock Exchange in the spring of 2000 triggered one of the most embarrassing stock market debacles in recent years, related to a transfer of ownership stakes by the firm's CEO just prior to the offering and at a fraction of the offering price. Questions were raised about the conduct of the management of the firm, its board, the Amsterdam Stock Exchange, and the underwriting banks - and about the implications for the future of European financial markets themselves.
Other setting(s):
2000

About

Abstract

The IPO of World Online on the Amsterdam Stock Exchange in the spring of 2000 triggered one of the most embarrassing stock market debacles in recent years, related to a transfer of ownership stakes by the firm's CEO just prior to the offering and at a fraction of the offering price. Questions were raised about the conduct of the management of the firm, its board, the Amsterdam Stock Exchange, and the underwriting banks - and about the implications for the future of European financial markets themselves.

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Other setting(s):
2000

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