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- lowest qualifying price, eh?
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Yeah, it's weird. It makes sense up until the last sentence in the paragraph. Here's how I'm reading it:
3 investors bid each bid for 50 million shares.
It only takes 2 of these investors to reach the total number of shares Google wants to sell: 100 million.
That means, only two of the investors will get their shares. Which two?
Well, the ones that bid at the lowest qualifying price or less. We know that the one who $28 is out because it's the highest of the three bids.
The two remaining investors qualify, and the lowest bid between them is $26. So, it seems to me that the "lowest qualifying price" in this scenario is $26, not $27. What's the deal? Come on, ZDNet reporter: explain yourself! - Posted by: MidwestLiz Posted on: 04/30/04 You are currently: a Guest | Members login | Terms of Use
How does average investor get in?
MidwestLiz | 04/29/04
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Open accounts
Mstowelboy2b | 04/29/04
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You Don't...
BitTwiddler | 04/29/04
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getting in
RussBuck | 04/30/04
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did you READ the article?
avdp | 04/30/04
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whatever
V Sanders | 04/29/04
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Huh?
d_jedi | 04/29/04
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lowest qualifying price, eh?
MidwestLiz | 04/30/04
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re: lowest qualifying price
JakAttak | 04/30/04
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OK. that makes a bit of sense..
d_jedi | 05/02/04
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IPO
RussBuck | 04/30/04
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IPO,SchlaMyPo
RussBuck | 04/30/04
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did you READ the article?
avdp | 04/30/04
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Line up the Rubes, there is money to be made!
No_Ax_to_Grind | 04/30/04
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HELP ME!!!!
vdelrio | 05/03/04
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What do you think?
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