Slashdot Mirror
Google Slashes IPO price
Hungry Student writes "In breaking news, Reuters and the BBC are reporting that Google has reduced the price of its IPO to between $85 and $95 per share from $108 to $135 per share. Google shareholders are also reducing the number of shares available for sale by 6.1m to 5.5m. The total number of shares available is currently 14.1m."
Now my kidney I just sold can buy me 50 shares! Yes!
Also, Slashdot's 10 millionth post today! Perhaps in this story even! WOW!
Here we go dot-com boom #2, I'll be getting off now... Perhaps I'll become a nurse, before they outsource it.
View the Complete prospectus.
Remember, as with all investments, past search results are no guarantee of the quality of future returns.
I'd love to of owned just 1 share in google but I've never used the stock market, I don't have a clue how it works and I really don't know how to get the info I need before they will all be gone (knowing my luck).
Who wouldn't have loved to say "I own part of google"? Damn Doom 3 making me upgrade my PC or I would of looked into buying a share (just 1, it's enough to become a major geek me thinks).
I like muppets.
Uhhh, is it possible to buy half of a share? That seems to be all that I can afford.
So now it's overpriced by a factor, of what, 6? Instead of 10?
Small potatoes make the steak look bigger.
This battle Google will lose. Everyone will have Microsoft's app. Only those who choose to download will have Google's app. So long as the user can find stuff with any regularity with Microsoft's creation there won't be any impetus to switch to a marginally better alternative. Nobody lacks appreciation of technological quality like the average PC consumer (IE,AOL,WMP,ETC.).
First I find out that Google is lowering their stock price, then, Mariam Abacha from Nigeria emails me and tells me that I'll only be getting 7% instead of 25% of the 8.5 million I'm going to bank for her. I'm losing cash everywhere!
Future successes in any of these businesses could make Google's current price seriously undervalued. And if some key ones fall through, it will have been far too high.
The scariest unanswered question to me is what happens when the next "google" comes along? Tech moves quickly, and traditionally the bigger a company is the slower they move...all of us who work for large firms can attest to that.
I stick to a pretty basic investment philosopy: Invest in a company only if any idiot could run it. Eventually one will.
"He hated Mexicans, and he was half Mexican. AND he hated irony!"
This is the inevitable result of Google management using old and busted, Old Economy measures like P/E or EPS to judge when to go with an IPO. Don't they know that Clicks per Million (CPM) or Eyeballs per Million (EPM) are the new hotness?!?
Now if you'll excuse me, I've got to leave for a First Tuesday party; I don't want to settle for just reading about it on SFGirl afterwards.
I heard you only got the reduced rates if you used Froogle.Google.com
Can we go just one business day without some mishap in the Google IPO? Just one? Pretty please?
"did the interview with Playboy have the negative effect analysts anticipated?"
Only if they showed off their beowulf cluster to the playboy bunnies.
I guess you've just made a typo, but I guess you could call Sergey and Larry 'confounders':
d er
http://www.google.com/search?q=definition+confoun
Flourescent (adj): smelling like ground wheat.
But...but...it's so much more fun to get all self-righteous and overreact! Why you got to go ruining the man's parade with FACTS?!
"Gold still represents the ultimate form of payment in the world." - Alan Greenspan, 1999
That's where market capitalization comes in
I thought market capitalization was when Wired used to call the internet "the Internet" and the web "the Web".
Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
Windows already HAS a built-in search.
.
Have you noticed that on older versions of Windows (Win98, for example) the command on the Start Menu is called "Find..."
Now the feature is called "Search..."
Does anyone else find this hilarious? These days even Windows isn't so optimistic about actually finding anything...
BlinkX is kinda cool for those of us trying to "Find" things on your computer now...
. . . . . . . .
The List
Actually I thought it pretty much summed up what
"Unheard of means only it's undreamed of yet,
Impossible means not yet done." ~~ Julia Ecklar
You're completely wrong. Avoiding this price spike, and avoiding the "hot IPO as a perk to their other customers", was the whole point of the dutch auction. There will be no price spike, and you or I could go buy some shares right away.
I think maybe the real reason for the sudden drop was that people didn't think Brin and Page looked that good in the centerfold.
Find free books.
It will be remaining a Dutch auction, yes. But if it wasn't, the share price would have to come down even further from the 85-95 range for investment banks to be able to get the same kind of pop for their preferred investors. There is a decent article in The Economist here. the $135 share price had Google valued at 187 times earnings. Even with the lower price their p/e ratio is pretty absurd. They would have to go much lower get anything like the netscape IPO.