Replies to post #26341 on Pinnacle Business Management (Prev SRCI)

[BullNBear52]

Yes. Google's own success screwed them into going public. The already insiders are going to make a ton of cash on this forced IPO.

[fung_derf]

Actually, I'm interested in how this auction thing works out. The way in which IPO shares are doled out now to a broker's favorite clients is ridiculous. They're used as basically a reward for a client staying through the broker's other bad picks. Totally unfair. Also, only the preferred brokers usually get them.
FWIW, I still don't see how Google will show much in the earnings dept. anyway, but maybe I'm missing where their profit center lies.