Geek humor: If you take a close look at the form Google filed with the Securities and Exchange Commission, the exact value of its planned offering is $2,718,281,828 dollars, which some would immediately recognize as the mathematical constant e.
E [sic], for those not blessed with a Ph.D. and a job at Google, is Euler’s number, which is used as the base for natural logarithms.
See also, from the NYTimes – An Egalitarian Auction? Bankers Are Not Amused
For months, investment banks vied to win the job of underwriting Google’s much-anticipated initial public offering. But as details emerged yesterday about the unusual auction process that Google’s founders have chosen, questions have arisen about whether the scramble for a piece of the action was worth the trouble.
[…] Indeed, for Wall Street investment banks, the Google structure comes as a cannon shot across their collective bow.
As online stock trading has sharply reduced commissions over the last 10 years, the 7 percent underwriting fee is in many ways that last purely high-margin business on Wall Street – and it is a fee that bankers have guarded zealously.
[…] Google, in rejecting the traditional Wall Street way of going public, has also eliminated the ability of banks to allocate hot shares to their best clients, a practice that yielded windfall profits to favored investors during the technology boom.