Zeev's Turnips Patch-No Politics (ZEEV)

[SantaCruz]

By the time it does IPO, people will be expecting it to raise $100billion. lol (or, maybe I shouldn't laugh)



Posted on Fri, Oct. 24, 2003

Online IPO for Google?
Contra Costa Times Wire Services


Google Inc. declined to comment on a newspaper report that it's considering an unusual online initial public offering that could raise as much as $25 billion. The online auction would be designed to prevent a recurrence of financial scandals and slash underwriting fees that investment banks usually get by managing an IPO, the Financial Times reported on its Web site without citing the source of its information. IPOs traditionally have been sold by investment banks that set the offering price and collect fees for managing the transaction. But online auctions have emerged as an alternative. W.R. Hambrecht & Co., for instance, has created what it calls an IPO auction system, whereby Internet bidders set IPO share prices.



http://www.siliconvalley.com/mld/siliconvalley/7095950.htm