SEL: Google IPO Not Lucrative Enough For Wall Street

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June 29, 2004

Google IPO Not Lucrative Enough For Wall Street

Those poor guys on Wall Street, they hope for a nice big "Google Steak" and instead they get served a "Google Burger". It seems they are not entirely happy with Google's decision to hold a dutch auction IPO, simply because they wont make as much money.

While the firms are not commenting on the work or the expenses involved, sources speaking on condition of anonymity told The Associated Press the costs far outstrip those of a traditional IPO, while the fees and investment returns will be far less.

Andy Beal | permalink | +marktd |

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