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Nasdaq celebrates 20 years in Silicon Valley with a rocking IPO

Publication Date: 
March 17, 2010
Source: 
San Jose Mercury News
Author: 
Scott Duke Harris

Professor Joseph Grundfest, co-founder of Financial Engines with Bill Sharpe and the late Craig W. Johnson, is mentioned for participating in the companies bell-ringing ceremony in San Jose. Scott Duke Harris of the San Jose Mercury filed this story:

What were the odds? On the very day the technology industry's default stock exchange, Nasdaq, marked its 20th anniversary in Silicon Valley with bell-ringing ceremonies at San Jose City Hall, a valley company called Financial Engines made a rip-roaring Wall Street debut.

"It was luck," Nasdaq CEO Bob Greifeld said Tuesday after markets closed.

Well, mostly luck. Nasdaq, considered a financial engine in its own right, had been planning the San Jose event for months, Greifeld explained. When it was apparent that the anniversary ceremony would roughly coincide with Financial Engines' initial public stock offering, arrangements were made to enlist the Palo Alto company's founders, executives and employees for the opening bell ceremony in the City Hall rotunda, whooping it up at the caffeinated hour of 6:30 a.m. for video feeds to Wall Street.

...

Sharpe participated in the opening bell ceremony, joined by co-founder Joseph Grundfest, a prominent Stanford law professor, as well as Roseanne Rotandaro, the widow of the company's third founder, Craig W. Johnson, a well-known valley attorney and investor who died in October.