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Google Goes Public at $85/share

Posted by michael on from the buckle-your-seatbelts dept.

adpowers writes "It is official. Google will have its IPO debut at $85 per share. To quote the article, 'At that price, the low end of its recently revised range, Google raised $1.67 billion, with $1.2 billion to go to the No. 1 Internet search engine and $473 million to Google executives and investors selling their shares.' Trading begins Thursday, August 19th." Got Google?

5 of 343 comments (clear)

  1. Still a good valuation by markkellman · · Score: 5, Insightful

    Google is valued at around $23B. Even though it is lower than recent estimates, it is still much higher than people were originally speculating: $10-15B.

  2. Media missed boat on WHY share price went downward by loggia · · Score: 5, Insightful

    Sometimes the media overanalyzes. If you read last night's article in the New York Times, barely anyone mentions that the simple reason the expected share price dropped is that: people did not understand/were confused by the auction process.

    I think that's about it. Nothing very complicated at all...

  3. Prove it then by Anonymous Coward · · Score: 5, Insightful

    If the only reason the price went down was confusion, then today when the stock is listed and can be bought by "normal" means, then it will shoot right up to $135, right?

  4. Re:Actual company value by GoofyBoy · · Score: 4, Insightful

    >I do not see how a share can be fairly priced ...
    >why the SEC allows this practice?

    I assume that this is the heart of the question.

    The purpose of SEC is not to determine if a share of a company is fairly priced or not. Thats your job.

    --
    The surprise isn't how often we make bad choices; the surprise is how seldom they defeat us.
  5. Re:decline of Slashdot by jseitz · · Score: 5, Insightful

    Thursday?

    Jonny, tell him what hes won....