Google is considering selling their IPO issue through an online auction, so you may not need an in with their investment bank to get a few shares on the day of issue.
It would also slash the investment bank fees Google would have to pay for the IPO. Which the investment banks aren't happy about, as you might guess.
My favorite take on this was from an anonymous insider
quoted in a FT article on the idea of an internet auction IPO: Quote:
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"However, all the shares would end up with Aunt Agatha in Des Moines and Uncle Milt in Pittsburgh and there would be no real public market at all."
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As opposed to the public market we get when Uncle Bear Stearns and Aunt Morgan Stanley run the show.
Brian
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