The dynamics of Google's $2.7 billion IPO is causing a great deal of work for the Wall Street brokerage houses involved. In preparation for the offering, these houses, while working diligently, may not receive the type of return normally associated with an offering of this size.
The Seattle Times, anonymous sources involved with Google offering have told the AP that the costs of the auction-style IPO are higher than the traditional method, while the investment return is much less. These reasons are believed to be what led Murdok. Visit Murdok for theSuggest a Correction
Found an error or have a suggestion? Let us know and we'll review it.
No comments yet. Be the first to comment!