Bizwatch

Clicking on The Right Result
It may have confounded the Wall Street investment banks, which usually take a larger commission from such deals, but so far Google's unusual IPO has been a hit for a happy handful of investors. Those who waded through the search engine's complex Dutch auction got the stock at $85 a pop, $23 less than the original lowest price expected, then saw it rise more than 27% in the first two days of trading. That put the stock at $108 — exactly where co-founders Larry Page and Sergey Brin advised it would be. Along...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!