| Two Googles
This is how they avoided the SEC requirements all this time |
pleeker
msg:1232068 | 5:17 pm on Apr 26, 2004 (gmt 0) |
News.com [news.com.com] has a NYT piece updating the IPO situation today, with this bit that was news to me: | Early on, it split itself into two companies, Google Inc. and Google Technologies, so that each would have fewer than 500 employees, according to a person who had been close to Google. That was important because the SEC requires companies with 500 shareholders and assets greater than $10 million to file financial statements and most of the other information they would have to disclose in a public share offering. Early in 2003, the two companies were merged, in effect setting the date of April 29, 2004, as the deadline for Google to make the required disclosure. |
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Wonder why they re-merged the companies into one....?
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