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Google Finance, Govt, Policy and Business Issues Forum

    
You must be a U.S. person
Is this fair?
kapow

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 6:58 pm on Aug 10, 2004 (gmt 0)

https://www.ipo.google.com/
In order to register for a bidder ID through this web site, you must be a U.S. person.

Is this fair?

I don't know much about buying shares, is it usual for a company to exclude foreign investors?

 

Chndru

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 7:29 pm on Aug 10, 2004 (gmt 0)

kapow, try this comic :-)
[userfriendly.org...]

encyclo

WebmasterWorld Senior Member encyclo us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 362 posted 7:36 pm on Aug 10, 2004 (gmt 0)

Chndru - you should try that link of yours - it's a good example of some slick anti-hotlinking!

Try: [ars.userfriendly.org...] instead ;)

Is it fair? No, but what's "fair" got to do with anything?! Google can sell its shares to whom it likes, and it is probably far less hassle limiting it to US citizens only.

digitalv

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 7:41 pm on Aug 10, 2004 (gmt 0)

Couldn't you buy them through a U.S. based broker?

kapow

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 7:47 pm on Aug 10, 2004 (gmt 0)

Couldn't you buy them through a U.S. based broker?

Sure I could. My concern is more about the political message this kind of exclusion gives out.

However, like I said: I don't know much about buying shares. Maybe this is normal practice. Someone please let me know if this is standard.

digitalv

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 7:55 pm on Aug 10, 2004 (gmt 0)

the political message this kind of exclusion gives out

I don't think it's really all that political, it's much easier to go public when you don't have to worry about international restrictions. I think it was their intention to let the brokers worry about that stuff so they wouldn't have to.

glengara

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 7:58 pm on Aug 10, 2004 (gmt 0)

The rest of the world is a VERY foreign country.....

pmkpmk

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 8:01 pm on Aug 10, 2004 (gmt 0)

I heard on various occasions quotes from members of the US legislation and administration calling to regulate Google.

I could imagine limiting the IPO to US-citizens only is a bit to show off that they are an American company and stand to American values.

Just my 2c

P.S. From what I heard here in "old Europe" is that you CAN'T use a US broker since you need to supply a social security number.

viggen

10+ Year Member



 
Msg#: 362 posted 8:02 pm on Aug 10, 2004 (gmt 0)

hehe, i am not US citizen but registered US taxpayer and it seems i don`t qualify either...

thats life, i don't think i miss out on something..

cheers
viggen

Lord Majestic

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 8:04 pm on Aug 10, 2004 (gmt 0)

Sure I could. My concern is more about the political message this kind of exclusion gives out.

You worried about this "exclusion"? If I was investor in Google I'd be more worried about the fact that company sells lots of shares for a lot of money but retains control via 2-tier shareholding structure. Its as if Google wanted to have cake and eat it - temporary illusion that it is actually happening is possible, but its only temporary, and its an illusion.

kapow

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 8:07 pm on Aug 10, 2004 (gmt 0)

Can anyone tell me if this is standard practice?

colinf

10+ Year Member



 
Msg#: 362 posted 8:10 pm on Aug 10, 2004 (gmt 0)

Do you really want to buy? good luck

HughMungus

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 8:26 pm on Aug 10, 2004 (gmt 0)

they are an American company and stand to American values.

huh?

digitalv

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 362 posted 8:31 pm on Aug 10, 2004 (gmt 0)

As over-valued as their IPO price is, anyone buying initial shares is going to lose money ... they're doing the rest of the world a favor :)

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