Online arrangement for sale by auction of identical goods, especially financial securities in an initial public offering, with each bidder bidding online in an auction with several rounds so that the received price is maximized

摘要

Device comprises a network arrangement for receipt of bids, processing computer for processing bids received in each round of an auction, and arrangement for informing bidders of the amount of goods received by each bidder in the preceding round, but not the lowest and highest prices offered by the successful bidders. An Independent claim is made for a computer system comprising a server, a network and clients connecting to the server along with authentication and payments steps.