Patent ID: 8498925
Filing Date: 2013-07-30
Classification: G06Q

Abstract:
1. A computer implemented method of obtaining shares of stock comprising an initial public offering, the method comprising: receiving digital data into a memory on a computer system, the digital data comprising information descriptive of the initial public offering that includes pre-auction shares to be sold at a pre-auction price and auction shares to be sold at an auction to the highest bidder; receiving additional digital data into the memory in the computer system, the additional digital data comprising an offer for at least some of the pre-auction shares of the stock at the pre-auction price; receiving in the computer system, an indication of a number of the pre-auction shares available at the pre-auction price; indicating in the computer system, a number of the pre-auction shares to be purchased at the pre-auction price; indicating in the computer system, an acceptance to purchase the shares of stock offered at the pre-auction price; and publishing to participants of the auction, via the computer system the information descriptive of the initial public offering, the offer for the pre-auction shares of the stock, the number of the pre-auction shares that were available at the pre-auction price, the number of the pre-auction shares purchased at the pre-auction price, and instructions relating to bidding for auction shares.