SECURITIES

Hambrecht & Quist Files for IPO: The San Francisco-based investment bank that helped many high-tech and health-care companies sell their shares filed to raise $80 million through its own initial public offering. Hambrecht & Quist Group Inc. also gave the public an initial glimpse of its earnings, disclosing that the recent booming market for IPOs has provided it with a windfall. H&Q;’s income before taxes totaled $71.93 million for the six months ended March 31, up from $25.36 million for the same period in 1995. The earnings for the 1996 period exceeded the $71.89 million the company earned before taxes for the entire fiscal year ended Sept. 30.