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Finance Wire
APR-04
New York Stock Exchange Update, CNNfn.
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New York Stock Exchange Update, CNNfn.
Publication: Finance Wire Publication Date: 30-APR-04 |
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COPYRIGHT 2004 FDCH e-media
Original Source: STREET SWEEP
CHRISTINE ROMANS, CNNfn ANCHOR, STREET SWEEP: Google`s $2.7 billion IPO will place it among the 15 biggest U.S. public offerings in history. Unlike most other IPOs, Google will sell shares through an unusual auction. Senior correspondent Allan Chernoff is here with a look at what this means for individual investors. Allan.
ALLAN CHERNOFF, CNNfn CORRESPONDENT: Christine it means that it`s going to be easier to get a piece of the action, but the action may not be all that hot. What`s going to happen here is that the company is inviting investors to bid in an auction, the details are to come. But this auction will set a price for the stock and that price will pretty much be the highest level at which Google can sell all the...
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