Brett_Tabke - 6:41 pm on Jun 15, 2004 (gmt 0) [forbes.com...] Also a nice related background article on Google:
Short, but informative article from Forbes:
The much-discussed deal remains unscheduled and Google has as yet to even select an exchange, according to a New York Stock Exchange spokesman. Susquehanna Financial, of Bala Cynwyd, Pa., said that under the Dutch auction process, investors directly submit their own bids for shares; the seller then sorts the bids from high to low and locates the highest price at which the number of shares offered is exhausted by the sum of the bidders' quantity requests.
Also a nice related background article on Google: