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Huh?
Can someone explain this in plain english? I don't understand accountantese.

"Let's say Google wanted to sell 100 million shares at between $26 and $28 per share. The highest bids totaling 100 million shares would get in on the offering, sold to everyone at the lowest qualifying price, also known as the "clearing price." For example, if three investors offered to buy 50 million shares apiece at $26, $27 and $28 a share, the first two investors might be invited to purchase shares at the clearing price of $27, while the third would be shut out. "

This, in particular.. makes no sense.
Posted by: d_jedi   Posted on: 04/29/04 You are currently: a Guest | Members login | Terms of Use
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How does average investor get in?  MidwestLiz | 04/29/04
Open accounts  Mstowelboy2b | 04/29/04
You Don't...  BitTwiddler | 04/29/04
getting in  RussBuck | 04/30/04
did you READ the article?  avdp | 04/30/04
whatever  V Sanders | 04/29/04
Huh?  d_jedi | 04/29/04
lowest qualifying price, eh?  MidwestLiz | 04/30/04
re: lowest qualifying price  JakAttak | 04/30/04
OK. that makes a bit of sense..  d_jedi | 05/02/04
IPO  RussBuck | 04/30/04
IPO,SchlaMyPo  RussBuck | 04/30/04
did you READ the article?  avdp | 04/30/04
Line up the Rubes, there is money to be made!  No_Ax_to_Grind | 04/30/04
HELP ME!!!!  vdelrio | 05/03/04

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