X hits on this document

PDF document

Searching for Google’s Value: - page 40 / 44

106 views

0 shares

0 downloads

0 comments

40 / 44

$130

Price

$120

Willingness to pay for

$110

issued quantity according

to opening prices

$100

$90

$80

$70

Quantity demanded at IPO price computed from overallotment rule

$60

$50

15

20

25 30 Quantity (millions)

35

40

Linear Demand

Constant Elasticity Demand

Supply

Issue Price

Figure 5: Estimated Demand Curves for the Google Stock Computed From the Apparent Quantity

Demanded at the Issue Price According to the Allocation Rule and the Apparent Willingness to Pay for

the Actual Issue Quantity According to Opening Prices

39

Document info
Document views106
Page views106
Page last viewedWed Dec 07 15:01:31 UTC 2016
Pages44
Paragraphs1154
Words15769

Comments