Google Chooses An Underwriter For Upcoming IPO

PenguinSix writes "Bloomberg and a bunch of others are reporting that Google has hired Morgan Stanley and Goldman Sachs Group Inc. to arrange its initial public offering. This follows literally years of rumors and stories about a Google IPO. About a third of Mountain View, California-based Google may be sold in the IPO, giving the company a market value of about $12 billion, the bankers said." Google has become so invaluable to many people (like me) that they could probably raise just as much money with a blackmail scheme.

Comments

Please stay private...

[GuyMannDude]

Is there anyone else here who is thinking that having such an invaluable internet tool now subject to the whims of public investors is not such a great thing? I would have rathered that Google stay private forever. That way they can make decisions based on what they think is best, not what will increase their stock price the most next quarter.

GMD

Dammit Google, I love you

[eclectro]

Dear Google,

I have been seriously evaluating our relationship, and I've concluded you are not offering me what I need to be happy. I feel it is time for me to move on.

Yes, I know it's hard. We did have some good times together. Remember those times when you had "beta" in your name? Then came the time you bought and saved the Dejanews archive. I will always admire you for that. Then there was the time you added News search and Froogle. And all those times that you put those funny little cartoons in your name on holidays and on the birthdays of famous artists? Ahh, those were the days.

But those days are gone. Lately, you have been neglecting my needs as more and more results are being skewed by "link farming."

Then your eyes started to wander, and you started to pursue this illicit "shareholder love." You were wooed by this new lover that had a big wad of cash in his pocket.

Dear, no person can serve two masters: for either he will hate the one, and love the other, or else he will hold to the one, and despise the other. There are just too many search engines piled on the heap who whore out search results to the highest bidder. They think that they will never be caught, but eventually they are always found out.

You are just scaring me too much for me to take it anymore. I think it's best for both of us to find some therapy and move on.

Love,

eclectro

Re:I think I'll buy some

[Monkelectric]

I really wouldn't buy GOOGLE stock. Aren't their profits reported to be somewhere in the 200 million dollar a year range? A 12 Billion dollar IPO is designed to do one thing: allow those who issue themselves the stock before hand to become wealthy.

This is another netscape boys, and a sign that the powers that be have decided to cash out on google.