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Google Slashes IPO price

Posted by CmdrTaco on from the welcome-back-to-hype-island dept.

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."

6 of 242 comments (clear)

  1. Pre-IPO getting less shares owners selling less by stecoop · · Score: 5, Informative

    The initial price per share for Google stocks has been lowered to $85-$95 down from speculative high of $130. This will create a market capital less than $26 billion down from $36 billion. Noted that the confounders, Sergey Brin and Larry Page, disclosed that they intended to sell 1 million shares each but will now sell 480,000 shares in the range of $90 per share valued at about $43 Million. In addition, the pre-ipo market will get 5.5 Million shares, half the originally anticipated. View the Complete prospectus.

  2. Two class of voting shares - Founders keep power. by deragon · · Score: 5, Informative

    And for those who are not aware, there exist two classes of voting share, one class that offers 10 votes per share reserved to the founders and CEO, and another which as 1 vote per share, for the rest of us.

    See: http://www.usatoday.com/money/industries/technolog y/2004-05-16-google-nonvoting_x.htm/

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  3. Watching Google by p0 · · Score: 5, Informative

    For those interested, you might want to try Watching Google Like a Hawk. They provide news and analysis of Googles IPO, their services and future plans. A lot of information for anyone looking forward to the IPO.

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  4. Re:Where ARE they headed? by Anonymous Coward · · Score: 5, Informative

    If they were to want to sell the stock to non-US persons, they would have to go through the registration process (such as it is) in every other country.

    If you want to buy shares, set up an account with a US broker, like everyone else does. They will buy it in trust for you. And just so you know, US persons have an extremely difficult time buying shares of foreign companies directly. That's why there are ADRs.

  5. Google doesn't set the price by BillFarber · · Score: 5, Informative
    Google has reduced the price of its IPO to between $85 and $95 per share from $108 to $135 per share.

    This is a dutch auction. Google is not setting the price. The price they mention is simply an estimate of what they expect the final offering price to be.

  6. Re:History by R.Caley · · Score: 5, Informative
    Er, isn't this a dutch auction? Brokers should have no ability to offer shares to prefered customers first, since you will have put your bid in long before share allocation begins.

    The only way you could be blocked out would be if no broker was willing to act for you.

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