Of course, the Wall Street Journal is still authoritative. There is no need for them to cheat on this kind of news. There is a high probability that Google will go public.

As for why Google can be so tough, it's easy to understand. After all, Google is a huge customer. As long as investment banks can underwrite Google's stocks, they will definitely be able to make money.

Who would mind having too much money?

Compared with real money, how much is face worth? That’s why these underwriters still want to cooperate with Google under such circumstances.

Of course, this matter will not be over. After that, most of the financial world’s attention will be focused on Google.

Originally, people thought that Google's expression when looking for underwriters in the early stage was outrageous enough, but later people discovered that it was nothing.

After identifying the underwriters, Google will start a road show.

The so-called road show is to report to investment banks and investors and showcase the company's advantages in order to attract others to buy their stocks.

Under normal circumstances, in order to sell stocks, the person in charge of the company must try to highlight the company's advantages during the road show.

But during Google's road shows, everyone on the team, including the founders, kept telling jokes and often even refused to answer investors' questions.

Many people who participated in the road show said that Google was absolutely crazy and they had no intention of going public.

Later, when setting prices, Larry Page and others were also very willful and directly decided on the top ten irrational numbers e as the amount of funds to be raised, which was 2.718281828 billion U.S. dollars, just like a joke.

Of course, when it comes to raising funds, using some special numbers will have no impact as long as they are within the range.

What is most intolerable to the underwriters is that Google has abandoned the pricing method of investment bank inquiry and instead uses the Dutch auction method.

If the Dutch auction method is adopted, the profits that investment banks can make will be much lower.

The first is the commission. Because there is no inquiry, the commission that Google needs to pay to the investment bank will be significantly reduced. Secondly, the investment bank has no way to benefit its customers.
Chapter completed!