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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!
View the Complete prospectus.
Remember, as with all investments, past search results are no guarantee of the quality of future returns.
Uhhh, is it possible to buy half of a share? That seems to be all that I can afford.
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!"
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