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Theoretical April 30 deadline approaching...
SJ Mercury News suggests they may file w/SEC but not sell shares
pleeker




msg:1232721
 4:23 am on Apr 19, 2004 (gmt 0)

Interesting article in the San Jose Mercury News [siliconvalley.com] about the IPO watch, and the possibility (likelihood?) that, based on the SEC reporting rules, G has an April 30 deadline to start filing reports with the SEC.

But they also suggest G may do so and still not sell shares publicly.

Google may turn out to be the rare company that willingly files public financial reports but doesn't publicly trade its stock.

Levi Strauss is one company that does this. Its stock is privately held -- mostly by descendants of the Strauss family -- but the company files quarterly reports with the SEC.

Another option is for Google to dodge the public reporting requirement. In 2001, the SEC detailed how companies can do so: by disclosing their financial information only to shareholders.


 

percentages




msg:1232722
 8:25 am on Apr 19, 2004 (gmt 0)

>Another option is for Google to dodge the public reporting requirement.

I bet this one has been around the Google inner circle several times in the last 12 months.

Personally I think Google will declare. They are a victim of circumstance, declaring would be the right thing to do!

blaze




msg:1232723
 3:06 pm on Apr 19, 2004 (gmt 0)

Should be really interesting. Going to keep my eyes open on this one.

I wonder what would be a good google news alert search for something like this..

Brett_Tabke




msg:1232724
 9:30 pm on Apr 19, 2004 (gmt 0)

There was a story near the end of last year that claimed Google met some exception to the law. Anyone recognize that reference?

Compworld




msg:1232725
 10:08 pm on Apr 19, 2004 (gmt 0)

I bet they'll pass it up.

CompWorld

bakedjake




msg:1232726
 10:16 pm on Apr 19, 2004 (gmt 0)

In fact, filing this paperwork can come with disadvantages. In some circumstances, employees or investor shareholders can start selling their shares on the over-the-counter bulletin board. Companies typically prefer to control when and how their shares are traded.

Wow. That'd be interesting.

Kirby




msg:1232727
 11:10 pm on Apr 19, 2004 (gmt 0)

>Another option is for Google to dodge the public reporting requirement. In 2001, the SEC detailed how companies can do so: by disclosing their financial information only to shareholders.

I'm not sure what non-disclosure benefit there would be in this situation as shareholders are not going to keep quiet.

finer9




msg:1232728
 4:42 am on Apr 20, 2004 (gmt 0)

I think they will just come out and say they ARE IPO'ing in the near future, now that they have managed to sway opinion back to thinking they won't.

rogerd




msg:1232729
 4:56 pm on Apr 22, 2004 (gmt 0)

In some circumstances, employees or investor shareholders can start selling their shares on the over-the-counter bulletin board.

Sounds like the inspiration for a whole new round of phony stock scams. "My brother-in-law works for Google, and he asked me to help sell some of his stock now that SEC rules say he can. It's all hush-hush, though, so don't tell anyone..."

I ran into a broker/investment banker acquaintance who thought that one reason for Google's delay was the need to get their books in order for the rigors of SEC scrutiny. That's about a fifth-hand rumor, though.

258cib




msg:1232730
 2:15 pm on Apr 23, 2004 (gmt 0)

WSJ today says
Internet-search pioneer Google Inc. plans to announce within days that it will push forward with an initial public offering, according to people familiar with the matter.

finer9




msg:1232731
 4:13 pm on Apr 23, 2004 (gmt 0)

Thank you, thank you. Please note date of above prediction!

MarkHutch




msg:1232732
 8:20 pm on Apr 23, 2004 (gmt 0)

More information on Google going public.

[washingtontimes.com...]

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