Google, by contrast, proposes two methods to allocate shares that would not reward buyers for high bids.

In co-ops the sponsor allocates shares to each unit, based on empirical observation.

The process of allocating shares between shareholders usually pro rata or according to some prior agreement.

Nor could an investment bank allocate shares based on a promise to buy additional shares after trading begins, a practice known as laddering.

In other regions, Japan appeared likely to continue allocating relatively small shares of assistance.

They allocated shares to favored customers, including officers of companies that could provide underwriting business to Wall Street firms.

Unscrupulous brokers manipulate closing prices and allocate shares to favored clients rather than to those offering the best bids.

Juniper declined to say how it had allocated shares.

The biggest difference was in the way Google chose to allocate shares.

Once the book is closed, the underwriter sets the final offering price and allocates shares among buyers.