A Personal Blog
Google IPO to Price Low
Not sure who else is hearing this, but “word on the street” is that the IPO will price lower than the posted numbers by Google. Perhaps as much as 50% lower. Not entirely sure if that means we’ll actually end up with a “typical IPO”, but I doubt it. Investor sentiment has turned so sharply that I’d be surprised if, well… Dunno … But I’d be surprised. I’m sure of it. Damn sure.
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| Print article | This entry was posted by Jeremy Wright on August 17, 2004 at 8:12 pm, and is filed under Business, IT Thoughts. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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about 7 years ago
I’m not surprised. They really made a big mistake with the arcane procedures they set up. The auction idea is cool, and Ebayish, but it’s not Wall Street.
about 7 years ago
Seems to be starting around 85$ now.
about 7 years ago
Yeah, I caught wind of this before the official price range. It seems odd to me that Google would restate the expected bid. Is that allowed during the actual IPO? I would have thought companies couldn’t actually state the price they thought something would go for…
It also seems to me that many people are bidding based on Google’s statements which seems to be a conflict of interest to me.
Anyone with more knowledge of the laws and process have an opinion?