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Bet On Google IPO
Jeremy Muncy
Contributing Writer
2004-07-08
 Security News RSS Feed
Feel like the Google IPO is a safe bet? You could always roll the dice and see if they come up in your favor. Numerous online bookmakers have begun taking bets on what will happen to Google's stock prices once they hit the stock market in August.
For any savvy trader who cannot wait until the stock is available to the public, you can always declare your interest in Google by betting on the search engine's performance.
Iowa Electronic Markets (IEM) recently opened up two new markets based on the fast approaching Google Inc. IPO. Bets are being taken on whether the value of the stock will rise or fall as a result of the deal in August. They are currently taking wagers between US$5 and $500 on the performance of the stock.
For what it's worth, IEM is apart of the Henry B. Tippie College of business, a subsidiary of the University of Iowa.
IEM is looking at the actual figures and data, in order to assess Google's actual market value. To determine market value, you take the number of shares available multiplied by the individual stock price.
Another online trader, Tradesports.com, is also accepting bets on Google. They offer users a chance to bet on whether the stock will by either 25 or 50 percent. Tradesports.com also offers users the ability to bet on if the stock will rise or fall when fully offered to the public.
With Google's IPO set to come out next month, keep checking WPN News and WebProWorld for all of the up to date Google IPO news.
About the Author:
Jeremy Muncy is a staff writer for WebProNews.com
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