IEM has been making interesting markets for years, most notably in Presidential election outcomes. Now they are making a market in Google’s future IPO. There are two such markets, described here and here and quoted in real time here.
The upshot: the market’s only been open for a few days, but it’s already guessing that Google will close on its first day with a market cap of between $25 to $39 billion. That’s the bid/ask spread. I’ve sent email to a couple folks I know to see if they can ascertain any more insights…
Thanks, Tipster Who Will Remain Anonymous!
4 thoughts on “Iowa Electronic Markets Trades In Google IPO Contracts”
Innovation futures trades on Yahoo vs. Google market cap. http://innovationfutures.com/bk/market/market.html?_sym=GOOGLE03&trk=nl
Will Google have a bigger market capitalization than Yahoo! at the end of the day of its IPO?
Yes – 15
No – 84
No IPO – 1
I am a part of the marketing department for HBIC, and I came across your site while searching on google. We are looking to do some text link advertising in order to gain more exposure for our site. I am inquiring to see if you are interested in letting us put a small phrase on your homepage. Let me know if you are interested in working out a deal. No reciprocals.
just FYI, my friend tim ogilvie is also experimenting with the google ipo … check out his project at http://www.googleiposwami.com/
There’s a good article on the IEM — and other futures markets — at http://www.luhman.org/gl/article.php/20041026221257103