Claria has pulled its IPO. I’m just waiting for the Lindows announcement (they already lowered the price range). This is pretty obvious now, but Google seems intent on going out in pretty much the worst IPO environment since early 2002.
Claria Latest To Pull…
Claria has pulled its IPO. I'm just waiting for the Lindows announcement (they already lowered the price range). This is pretty obvious now, but Google seems intent on going out in pretty much the worst IPO environment since early 2002….
re: the Lindows IPO
They originally set a range in early July of $9 to $11 per share. By the end of the month, they announced a reduced range of $7 to $9 and abandoned the Dutch auction system in favour of the traditional “lead bankers set the range” option. Now today, they’ve lowered it again to $5 and $7.
If they can’t go out at that range, they’ll probably pull the offering and Michael Robertson won’t be able to gloat that he founded two companies that both had successful IPOs.
Cheers,
Doug
Maybe Larry & Sergei will go do something clever to violate their quiet period requirements, and earn a cooling off from the SEC and… d’oh!!!!!! Interview in Playboy may postpone Google IPO:
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2004/08/12/financial1510EDT0568.DTL
I wonder why Google seems so insistent to go out now. Not only are the market conditions bad, but they’re doing it at one of the worst possible times of the year (mid-August).
It’s almost as if they have some need, something in the pipeline they can’t delay.