Sunday, 2. May 2004

Google's sale is for US only


Google's revolutionary $2.7 billion internet auction of its shares has been restricted to US investors. The revelation comes as concern grows over the detail of its offering.

A top authority on financial auctions told The Observer the Google process risked replicating the excesses of late Nineties dotcom boom and bust.

¬> observer.guardian.co.uk

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