IEM Predicts Google IPO
Bookmark & ShareAugust 17, 2004
Shares of Google Inc., the company planning the biggest Internet initial public offering, may rise on their first day of trading, futures contracts traded on the web show. The IOWA ELECTRONIC MARKETS, a futures market run by University of Iowa business school professors, suggests investors are almost evenly split between traders expecting the shares to trade within the IPO range and those foreseeing a decline. Traders at the Iowa City, Iowa-based market see about a 35 percent chance that the company will have a first-day market value of $30 billion to $35 billion, little changed from Google's own projected IPO price.
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