Clive and Cabbage

Google’s going public

Google has finally announced that it’s going public. This may actually help kick-start the stock market — but more importantly, it’ll help kick-start the profit margins of the investment banks doing the deal. The fees for midwiving this $4 billion offering would go as high as $280 million, as Bloomberg reports:

“On any given day there would be a line of 200 investment bankers that would kill their mothers to get the Google deal,” said Reed Taussig, chief executive officer at Callidus Software Inc., a San Jose, California based company that plans to sell shares in an IPO.

(Thanks to Fark for this one!)

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I'm Clive Thompson, the author of Smarter Than You Think: How Technology is Changing Our Minds for the Better (Penguin Press). You can order the book now at Amazon, Barnes and Noble, Powells, Indiebound, or through your local bookstore! I'm also a contributing writer for the New York Times Magazine and a columnist for Wired magazine. Email is here or ping me via the antiquated form of AOL IM (pomeranian99).

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