It wasn’t meant to end like this. In fact, it wasn’t meant to end at all. Epoch Partners was supposed to open up access to share offerings for retail investors and smaller institutional investors. Its investors included three of the largest US online retail brokerages looking for better access to deal flow, and three of the most aggressive venture-capital firms determined to have a greater say in when and how their investments went public. It was a marriage of two constituencies that had played a big part in driving the boom in the US economy during the latter half of the 1990s.
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