Google Sets IPO Pricing 466
It appears that Google has set their IPO price - 108$ - 135$ per share. Yowza. A reminder that this is done through the Dutch Auction ? process, which makes that pricing even more...uh...interesting.
This discussion has been archived.
No new comments can be posted.
Google Sets IPO Pricing
Related Links Top of the: day, week, month.
The use of money is all the advantage there is to having money. -- B. Franklin
Comment removed (Score:3, Interesting)
Change (Score:3, Interesting)
In the FT this morning (Score:5, Interesting)
Re:Investors or the public? (Score:0, Interesting)
Re:Probably worth it though.... (Score:4, Interesting)
The only people making $$ on this are those in the middle, or those starting out with Google shares.
Go Short Early? (Score:4, Interesting)
A bigger drop will possibly happen around election time. Whether irrational or not, Democrat wins tend to drop the market initially.
*NOTE* - the above statement is not my political preference, just an observation of how the 2k2 elections were referenced in the same manner
Why so high? (Score:3, Interesting)
Re:Hand me the pipe, man... (Score:1, Interesting)
Yeah, sure... Mod me as a troll. That doesn't change the fact that the story is more or less informationless. We already know about the dutch action process, and the starting price is meaningless as it will drop immediately.
God, someone submit a real article!
Re:Probably worth it though.... (Score:5, Interesting)
Would it make you feel better if they issued stock at $20 per share, but put 5 or 6 times as many into circulation?
Google Share price (Score:2, Interesting)
The share price is going to drop like a rock within the first year, almost assuredly.
The Nasdaq is still WAY over valued as well as the big board.
In general stocks are going to burn badly in the next 2-4 years.
If you are considering investing, don't do it in American companies, do it overseas in the far east. Far more growth potential over there to offset any losses you will accumulate in stocks.
I like google, I use it daily. But I think the technology is WAY over hyped.
-Hack
Re:Probably worth it though.... (Score:5, Interesting)
A stock's value is calculated by the share price times the total number of shares outstanding. Now, Hemos was quick to comment on the share price, but lacks the understanding to figure out just how much cash the company is raising and what the total value of the company will be at these levels.
But who cares?
It really doesn't matter because the average investor doesn't know any better. This is the same reason that stocks go up when the company announces a stock split [sec.gov]. The idiots eat these stocks up because they think that there's something magical about owning a stock through the split. "The company gives you more shares", responded an ignorant investor after I queried him on his voracious appetite for buying companies that are ripe for splitting. What he failed to realize is that the price drops proportionally - the value of the company (and each investor's holdings) is the same before and after the split. But nevertheless, owning these companies through the split is often a very profitable [stocksplits.net] method of investing simply because of all the ignorance out there. Never underestimate the power of stupid people in large quantities.
It makes me want to shoot myself in the face.
Re:You mean Market Cap (Score:4, Interesting)
Also, how can the market cap be $36.25B when 24.6M x $135 = $3.3B? For the market cap to be $36.25B at 24.6 M shares, the share price needs to be $1473.58. If the share price is $135, that means there are really 268.5M shares and less than 10% were made public.
Perhaps there was a misplaced decimal point in that $36.25B number?
Election Time (Score:2, Interesting)
Re:Web index as revenue generator (Score:4, Interesting)
You're talking outta yer damn ass. It took 3 years to build the Titanic. It wasn't rushed at all. No corners were cut; in fact, no expense was spared. And it wasn't a design problem or cut corners that sunk the Titanic. It hit a fucking iceberg! What's wrong with you?
Re:You mean Market Cap (Score:4, Interesting)
Trust me, I have owned multiple pre-IPO stocks to know the experience. Rich folks will profit 2 or 3x before the regular folks even get their hands on it. No, I am not some harvard junkie regurgitating garbage from the wallstreet journals.
dutch (Score:3, Interesting)
Since the price goes *down* from there, Google is relying on a lot of (for lack of a better term) stupid geek-types to buy at the $108-$135 price. If you put in a bid at $75ish, you might still get shares.
What's nice about the Dutch auction is you get to pay what you think the shares are actually worth. If you pay at the $108-$135 range, you're going to be seriously overpaying and will be disappointed when the stock starts selling publicly at $85 by the guys that got a thousand shares at $75.
These are just example prices, but it totally rewards the people who bid lower and still get at least some of the stock whereas those that bid high get all they bid for.
It's kind of lame that Google is doing it this way, IMHO, because they will end up totally scamming some of their biggest supporters into paying such a high price. That is, some of those in the
Hope those of you that actually bid $135 think it's really worth it, cause you're most likely to be disappointed in the long run.
But to each his own. I could end up being wrong about it. There are articles about this stuff:
http://slate.msn.com/id/1002736/
http://
Basically, Google is ensuring that "insiders" don't get rich off of them, but that doesn't help *you*, the average investor, at all if you are looking short term and not long term.
I think by choosing Dutch they are looking for long term investors.
Re:Probably worth it though.... (Score:5, Interesting)
Not much innovation recently.
I think that's a plus, not a minus. That's like saying the telephone hasn't seen much innovation because we're still just putting our mouth to a hole and talking.
Caching a copy of the web was certainly innovative. Google's news search was innovative. Their AdWords program broke new ground. They've also continued to add a variety of special features [google.com], including special functionality for addresses, phone numbers, calculations, hot news topics, and package tracking numbers. And although you can't see it, their behind-the-scenes operations are very innovative.
And really, I think keeping Google's simple interface has been one of their biggest innovations. For years, everybody thought thing thing to do was to clutter up your main pages with boatloads of crap. Google's relentless focus on what their users want, rather than what their MBAs think is the best way to squeeze revenue from their users, was a huge gamble that has paid off beautifully.
Better results with yahoo search over google? (Score:3, Interesting)
I turned to Yahoo's search, and found much better results with less fake keyword filled pages. This is the 3rd time recently I've discovered this.
Is google a victim of it's own success? I love the uncrowded google page, this is what attracted me to google in the first place. Now I'm starting to wonder what I'm missing by relying solely on google. Yahoo responded quickly, although the site is crowded.
Thoughts?
service error -27 (Score:3, Interesting)
"Server Error
The service you requested is not available at this time.
Service error -27."
Coincidence (Score:2, Interesting)
Re:Probably worth it though.... (Score:4, Interesting)
It may be stupid, but play it. Then you can shoot yourself in the face while relaxing on your 50 ft yaht. The market is mostly psychology.
What could affect their IPO? (Score:3, Interesting)
Re:PE (Price/Earnings ratio) is the number to look (Score:3, Interesting)
Sergey Brin 962,226 shares
Larry Page 964,830 shares
the numbers don't mean anything to me in hex, but there has to be something going on... those numbers are just too odd (even) to be anything but deliberate. who sells 830 or 226 extra shares?
[Tinfoil Hat]