Iowa Electronic Markets Trades In Google IPO Contracts

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!