Scratch one more from the Google IPO underwriter list, according to the San Francisco Chronicle. Merrill Lynch, in the latest twist of what has to be one of the most interesting IPO soap operas ever, disappeared from a revised filing statement by the Internet search engine on Monday. Though nothing was confirmed as to why, the investment bank reportedly dropped off because of their
unwillingness to take smaller than usual fees because of the odd structure of Google's stock offering. People familiar with the deal told Dow Jones Newswires that Merrill felt Google's IPO just wasn't worth it.
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Posted at 4:40AM on Dec 19th 2005 by hung