Google IPO Gets Green Light
Just released….
Just released….
ShopLocal goes live. The company behind this is owned by Gannett, Knight Ridder, and Tribune – the major newspaper companies. The whole things smells driven by corporate and merchant interests, as opposed to user intent. (Check the "About" page as to why – notice how they say they deliver "More…
Thanks, Gary.
What's interesting to me in decoding Google's latest IPO twist is how the execs, VCs, and bankers made the decision to lower the price, and how they decided to cut the number of shares offered. Lowering the range happens all the time in iffy markets- often it's a sign that…
Perhaps Google could have gone out within their original range, but it seems obvious that had they attempted to do so, the stock would have dropped significantly thereafter. And the only people who really made hay would have been insiders and the company itself – the investors would have initially felt soaked.
In the release cutting its range and size, Google announced that insiders have decided to hold back selling shares, presumably because market demand will only support so many shares at the new range. From the WSJ coverage:
Read MoreGoogle today announced that it will cut the price range from $108-$135 to $85-$95, and cut the number of shares it's offering from 26.7 million to 19.6 million. Here is the official Google announcement. More to come……
Thanks for all the posts on questions to ask Jerry and David. Turns out, we spent a lot of time on history and also on looking forward to the next ten years. We didn't focus so much on the present. When I reminded Yahoo's founders that they had ten years…
That was the promise of the internet from day one -when Mosaic came out the whole idea was that anybody could publish now, that was the new thing …yet it took this long to get to simple blogging… If you said ten years ago that you could have blogging in ten years, and that will be the extent of it, people wouldn’t have been that impressed.
Indeed. In 1994, anyone claiming that in ten years, we’d have a robust self-publishing movement like blogging would have been drummed out of the room for a lack of vision. Despite Geocities or Tripod, it takes time for the ship of culture to change course. Makes me rethink my own sense of what might come ten years from now…
But probably soon……
Heading down for the final book interviews today with two guys from Stanford who started a multi-billion dollar search-driven company that's now public. Nope, not them. These guys. Any questions you'd like to hear answered?…
Help Sid Yadav out, take his survey on search ….
I gotta check this out – full text search in an aggregator…. Jäger 1.4.0 for Windows and for Macintosh….
Google's filed a new S1-A incorporating their 10-Q (quarterly report). SEC/Edgar is not responding, but here is a link through SECInfo, which I recommend you join – it's a great service. Separately, CBSMW is reporting that Google hopes to wrap up bidding Tuesday night and price Weds….
Separately, CBSMW is reporting that Google hopes to wrap up bidding Tuesday night and price Weds.