Harvard at Top of IPO Class for 2014

Harvard at Top of IPO Class for 2014

Equilar, an executive compensation data firm, said that Harvard has produced the maximum graduates who have headed their companies when they made debut in market in 2014.

The list includes undergraduate and graduate institutions. Also, only those companies have been included in the list that have raised over $100 million through their IPOs. Harvard has made a hat trick and is at top of IPO class for 2014.

The Ivy League school is considered to be the alma mater for seven chief executives who have led their companies’ IPOs in 2014. Columbia University, Stanford University, Texas Tech University and University of North Carolina are the institutions that have tied for the second place last year.

Each of these schools has produced three CEOs who took their companies public. Harvard alumnus that have made their companies public include online bank Ally Financial and pharmaceutical company Kite Pharma.

It has been found that gain made by the companies led by Harvard-schooled CEOs was better than other schools. The group saw an average gain of 74% and the IPOs led by former University of North Carolina students increased an average of 39%.

Stanford graduates posted an average gain of 37%. Experts said that it seems that the Harvard executives are following Mark Zuckerberg, founder and CEO of Facebook, who has studied computer science from Harvard from September 2002 to May 2004.

When Facebook debuted in 2012, it raised around $16 billion. The ones who headed IPOs of their companies in 2014 include two undergraduate degree holders, one completed a residency at Harvard Medical School, four had graduate degrees and two have studied at Harvard Business School.

“Maybe it's just the vision of Bill Gates or Mark Zuckerberg late at night that inspired them to think (they) could start a business”, affirmed Kent Bennett, a partner at venture capital firm Bessemer Venture Partners.


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