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Why Google should never IPO
from WND
Clark

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 43 posted 9:48 am on Mar 17, 2003 (gmt 0)

[worldnetdaily.com...]

WW community thoughts?

 

novatech

10+ Year Member



 
Msg#: 43 posted 10:54 am on Mar 17, 2003 (gmt 0)

Couldn't agree more with this point.

On the other hand though, does the fact that generally tech stocks are undervalued mean that if Google *does* float, it's stock will be undervalued whatever the aspiring sentiment and therefore a great buy?

vitaplease

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



 
Msg#: 43 posted 10:59 am on Mar 17, 2003 (gmt 0)

Given weak technology stock valuations, an IPO would offer a very unattractive cost of capital. Given the instability of the market, publicly traded Google stock serves as poor compensation for employees

1. Its not necessarily that Google needs money.
2. Google's investors and employees with stock-options would like to have a real market evaluation of their shares worth and a possible way out.
3. "a very unattractive cost of capital", if a Venture Capitalist wants to cash a part of his stake in Google, it is not a cost of capital to Google.
4. I think even in this stock market, Google's IPO PE will be sky-high.
5. I would not be suprised if they only float 10-20% of the shares.

novatech

10+ Year Member



 
Msg#: 43 posted 1:40 pm on Mar 17, 2003 (gmt 0)

Perhaps - but would the shares being issued at way over the real value not just cause another dot com mini-bubble?

figment88

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 43 posted 3:42 pm on Mar 17, 2003 (gmt 0)

If Google did become a public company, I don't think GoogleGuy would be allowed to make anymore substantive posts here.

grifter

10+ Year Member



 
Msg#: 43 posted 3:55 pm on Mar 17, 2003 (gmt 0)

UPS only floated 10% and raised 5 billion. Maybe Google can do the same.

vitaplease

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



 
Msg#: 43 posted 3:57 pm on Mar 17, 2003 (gmt 0)

.. but would the shares being issued at way over the real value not just cause another dot com mini-bubble?

All depends on the expectations google gives.

related thread: [webmasterworld.com...]

Buckley

10+ Year Member



 
Msg#: 43 posted 4:32 pm on Mar 17, 2003 (gmt 0)

figment88,

If Google goes public Google Guy will be posting his messages from some exotic beach on some exotic island :)

Tor

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 43 posted 2:10 pm on Mar 26, 2003 (gmt 0)

Looks like Google is not [webmasterworld.com] going public after all...

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