Patent ID: 6629082
Filing Date: 2003-09-30
Classification: G06Q

Abstract:
A computer implemented method for determining price and allocation of equity shares in an offering comprising:providing information about an offering to accept bids for equity shares to at least one qualified potential purchaser and at least one non-qualified potential purchaser; offering to accept bids only from one or more qualified potential purchasers via a communication network for equity shares, wherein at least one non-qualified potential purchaser submits a bid through a qualified potential purchaser; receiving bids via a communication network only from qualified potential purchasers of the offered shares; determining a clearing price for the offered shares based upon the received bids; allocating to prospective investors who bid a price above the clearing price all of the shares for which they bid; allocating to prospective investors who bid a price equal to the clearing price a pro-rata allocation of the shares for which they bid; and allocating zero shares to prospective investors who bid a price below the clearing price.