IEM Offers Google IPO Market
July 5, 2004 | San Jose Mercury NewsItching to place a bid for Google's highly anticipated stock deal? Frustrated that it's not yet open to the public? Two Internet sites are offering up a way to bet -- literally -- on the deal right now. On the University of Iowa's IOWA ELECTRONIC MARKETS (tippie.uiowa.edu/iem), gamblers can wager from $5 to $500 on where Google's market value -- its stock price multiplied by the number of shares outstanding -- will fall after the deal is over. The range is generally from $20 billion to $100 billion. The article also appeared in the GRAND FORKS (N.D) HERALD; BRADENTON (Fla.) HERALD in Florida, CENTRE CITY (Penn.) TIMES; LEXINGTON (Ky.) HERALD-LEADER; WICHITA (Kan.) EAGLE; SAN LUIS OBISPO TRIBUNE and MONTEREY COUNTY HERALD in California; MACON TELEGRAPH and COLUMBUS LEDGER-ENQUIRER in Georgia; DULUTH (Minn.); NEWS TRIBUNE; BILOXI (Miss.) SUN HERALD; KANSAS CITY STAR; MYRTLE BEACH (S.C.) SUN NEWS.
Contact: Robert Forsythe