Slashdot Mirror

← Back to Stories (view on slashdot.org)

Google Cancels Spring IPO

Posted by Hemos on from the or-have-they dept.

securitas writes "Google fans and potential investors will be disappointed to learn that they must wait a while longer before they can own a piece of Google. The Times of London's James Doran reports that Google's IPO plans are on hold. CEO Eric Schmidt appears to think that market conditions are not right. When pressed for details about the delayed IPO, Schmidt said, "An IPO is not on my agenda right now." A commentary about the delayed Google IPO follows. Mirror at Australian IT."

4 of 246 comments (clear)

  1. Not terribly surprised by wawannem · · Score: 5, Insightful

    I mean, before the .com boom, companies usually only went public because they needed money to grow. Google seems to sustain a very healthy bottom-line and I think they have yet to figure out what they want to grow into.

  2. Bravo Google by Cr3d3nd0 · · Score: 5, Insightful

    Frankly I'm all for them never releasing an IPO. Sure it brings in extra cash in the short term but in the long term, your buisness focus shifts from your product and customers to the whims of your shareholders. One of the primary reasons people use google that I've seen isn't the qualit of searches, it's the lack of abusive adds, and genereal "customer friendly" enviroment that google provides. So the longer they put off selling stock the longer they don't have shareholders breathing down their necks for better profit margins.

    --
    This is not a sig
  3. Good by wizarddc · · Score: 5, Insightful

    I find this good news. The longer that Google's technology interests are held in private hands, rather than the public interest of their stock price, I think the world is a better place. I'll be crying when I see GUGL -1 3/4 running across the bottom of my TV screen.

    --
    Th
  4. Here's the deal by peterdaly · · Score: 5, Insightful

    People are asking why Google wants/needs to go public.

    Here's the deal...private Google stock is held by too many people. They are at the threshold of legally be required to make their books public, and for all intentensive purposes acting like a publically held company.

    As long as they will be required to act like a public company, there is a large financial incentive for them to take the next step and trade publically.

    Whether they need the money or not...it is knocking on their door (both corp. and personally) asking to be taken. This knocking is (or maybe was) too hard for them to resist.

    -Pete

    --
    Soccer Goal Plans