Google filed another amended S-1 today, this article from the FT claims the company will price its shares shortly, also points out that there has been considerable (and predictable) friction between it and Wall St. It also notes that shares in net companies have tumbled lately.
So what’s new in the S-1A? “We anticipate that the initial public offering price will be between $108.00 and $135.00 per share.” They are selling more than 14 million shares, and individuals are selling another 10.5 million. Proposed symbol? GOOG. There’s probably a lot more, but I haven’t time to read the whole thing right now…
Update: The WSJ (sub required) notes that a senior Google official is in trouble with the Feds for some past life stuff:
Google also disclosed that David C. Drummond, its vice president of corporate development, secretary and general counsel since February 2002, was advised by the SEC staff this month that it intends to recommend that the SEC bring a civil injunction action against him, alleging violation of federal securities laws. Google said the SEC’s recommendation arises out of his prior employment as chief financial officer of SmartForce, and “involves certain disclosure and accounting issues relating to SmartForce’s financial statements.” None of the allegations involve Google, the company said.
5 thoughts on “New S1-A; “GOOG” to Price as Early as Today”
Speaking of Google – anyone know why they’ve been down for ages today???
Looks like it could be a virus causing the trouble: http://isc.sans.org/diary.php?date=2004-07-26
Reuters gives it a price-to-earnings ratio of 329! It’s bubble time again.
Thanks, Mark. Here’s additional info from Search Engine Lowdown:
And, of course, regular stockholders will have about 2/3 of the voting rights, while the founders will have 10/3! Or perhaps 3.1415927…