Google Files to Sell 14.2 Million More Shares

dabug911 writes "Google Inc. on Thursday said it has filed with the Securities and Exchange Commission to sell 14.2 million shares of class A common stock, an offering worth more than $4 billion at Wednesday's closing stock price. Could they be getting the money together to finance all these rumors we keep reading about?"

Comments

Secondary IPOs are frequently not worth investing

[WillAffleckUW]

And I say this as someone who's been investing since the 1970's and didn't panic during the IPO craze of the late 90's - which was very very good to me and my family ...

Just because a stock is valued at $XX today doesn't mean it can't just as easily go down as up.

And when something is new to the market, valuation is still uncertain and the risk of it going down - contrary to most investors expectations - is higher than the risk of it going up.

However, as a caveat, I should say that some of the secondary offerings and post-IPO investments in certain companies have been very very profitable for me - Red Hat, Coach - which I bought at IPO, held for a bit, sold all or part of, and bought back in when most insiders unloaded their shares.

So, it's more a question of: Is Google worth MORE than this valuation in the future and is this BETTER than other investments?

I'm putting money in Japan and Euro value plays mostly - with money in dividend yielding energy stocks that AREN'T oil-based (wind, solar, geothermal, nuclear fission, clean coal).

But if you want to spend your money, do what I do - never invest more than you can lose, and if it's risky - unless you're really really certain [e.g. RedHat or Coach in my case] - spend LESS than on a typical investment.

For example, I usually invest around $10,000 in a normal investment, $5000 in a slightly risky investment [a hunch], and $1000 in a highly risky investment [most IPOs and risky stocks].

Your mileage may vary.

Dot Com all over again?

[Mr. Flibble]

I think that Google is a great company, but I cannot see how their insane stock price is justified. It is all just speculation.

[url]http://finance.yahoo.com/q/bc?s=GOOG&t=1y%5B/ url%5D I mean, check out their P/E ratio!

Google is very cool, and their mission is basically to become the next library of Alexandria, which I think is awesome. However, how on earth do they plan to make any MONEY?

(For those of you who are considering buying some of this new issue, I strongly suggest you read 2 books: "The Intelligent Investor" By Ben Graham and "The Future for Investors: Why the Tried and True Triumph Over the Bold and New." by Jeremy J. Siegel.)

Google is very cool - but it is really just grep on steroids. I can't see how shares in this company at this point will benifit the shareholder.

Selling a piece of PI

[dubbayu_d_40]

14.159,265 million shares to be exact. 3.14159265... Cute...

Re:Umm...

[oskard]

Besides the Google Instant Messenger client rumor, there are quite a few other opportunities that Google might be trying to fund.

Well there's that Broadband over Power Line rumor. And the massive country-wide Wi-Fi rumor. Also the streamable Google Operating System. Oh and the Google Browser rumor

And lets not forget Google needs some money to finance their trip to Mars

Re:They're gonna buy CNET

[Eric_Cartman_South_P]

Impossible. It's CNET. "Reporters" never worked there in the first place.