>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!
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..
There was a story near the end of last year that claimed Google met some exception to the law. Anyone recognize that reference?
I bet they'll pass it up.
|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.
>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.
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.
|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.
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. |
Thank you, thank you. Please note date of above prediction!
More information on Google going public.