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What is an Investment Banker?

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Google is going to do an IPO (Initial Public Offering), check the news sources and comment on what is different about this offering. When Google goes public will that impact GDP? Why?

What is an investment banker, what is their function?

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The solution describes what is an investment banker.

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What is different about this offering is that it has been mentioned that the average retail investor will have a chance to get in on the IPO through a lottery system. In most traditional IPOs, the people that get to take advantage are the insiders (ie. the ownership of the company, the stock brokers and other people close to the company).

For more info on the IPO, check out the following ...

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