Hambrecht & Quist Group, Inc.
Ticker: HMQ One Bush Street
Exchange: New York Stock Exchange San Francisco, California 94104
Industry: Financial (415) 576-3300

Type of Shares:Common Shares Filing Date:6/20/96
U.S. Shares:3,500,000 Offer Date:8/9/96
Non-U.S. Shares:0 Filing Range:$15.00 - $17.00
Primary Shares:3,500,000 Offer Price:$16.00
Secondary Shares:0 Gross Spread:$1.12
Offering Amount: $56,000,000 Selling:$0.62
Expenses: - Reallowance:$0.10
Shares Out After:18,620,000

ManagerTierPhone
Hambrecht & Quist IncorporatedLead Manager (415) 576-3423
Morgan Stanley & Co. IncorporatedCo-manager (212) 703-4797
Smith Barney Inc.Co-manager (718) 921-8473

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
9/30/95 3/31/96 3/31/95 3/31/96
Revenue:$220.02$204.50$86.86Assets:$458.44
Net Income:$49.44$47.58$18.46Liabilities:$312.04
EPS:Equity:$146.40

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The Company is a major bracket investment bank focused on emerging growth companies and growth oriented investors in the United States and, increasingly, worldwide. The Company's core strength has been the early identification of trends, industries and entrepreneurial companies that have the potential to become broad-based drivers of economic growth and change. The Company believes that its research-oriented industry specialization is crucial to meeting the demands of its investor and issuer clients for sophisticated and informed investment and strategic advice, and to building long-term relationships with these clients. SInce its inception in 1969, Hambrecht & Quist has broadened its industry focus from technology and healthcare to encompass the business information and outsourcing services, healthcare services and branded consumer industries. H&Q; organizes its research, investment banking and venture capital professionals into industry teams. Each team endeavors to develop and maintain an in-depth understanding of the secular and cyclical trends driving that particular industry sector.

Use of Proceeds
Proceeds from the proposed offering will be used for general corporate purposes.

Last updated: 10/28/96

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