Google IPO: No longer a sure thing?

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Must Agree........ (killing me) & where's the auction

I must agree, that is exactly how the process was. The money men and the institutional investors made a fortune, while the company got a decent amount of money, and private investors took all the risk.

Now all the money is being dumped right in to Google. That's a bit better than being skimmed off by non-deserving institutions.

Meanwhile, I thought the whole point of the auction was to actually allow investors to CHOOSE the IPO price, via bidding. Starting the IPO price at around $130 isn't an auction, that's a roll of the die (and you're hoping for a 7). If I want to take a bath, I'll do it in my tub.

Posted by: el1jones   Posted on: 08/10/04 You are currently: a Guest | Members login | Terms of Use

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