Google IPO Noise Grows Louder
The Financial Times published a story late Thursday reporting that Google was thinking of going public early next year and holding an online auction of shares. FT was so proud of their story that they even published a press release about it.
According to the article, the plan is to more or less circumvent investment bankers by allowing investors to bid for Google shares directly. During the typical IPO process, investment banks get to decide on the price of the shares and who gets them. By auctioning the shares, Google apparently hopes to avoid the financial scandals that emerged with the bursting of the dot-com bubble. Google shares through eBay? Count me in!
Posted by Adam
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