No auction like many speculated - shame - but at least the rich get richer, right? ;)
9:59 pm on Jan 5, 2004 (gmt 0)
How do you go about getting a hold of IPO? Is it even possible?
10:10 pm on Jan 5, 2004 (gmt 0)
Not unless you are in league with Morgan Stanley and Goldman Sachs Group Inc.
10:21 pm on Jan 5, 2004 (gmt 0)
Goldman also arranged the IPO of Google rival Ebay Inc.
Rival? Don't know that I'd call Ebay a rival of Google. Maybe when they launch auctions.google.com...
10:26 pm on Jan 5, 2004 (gmt 0)
The press likes to refer to every site on the net as a google rival it seems.
It'll be interesting to see the share debut price vs what it is in a few months after that, a lot of money will be tossed around.
10:45 pm on Jan 5, 2004 (gmt 0)
Wow theyre going to make a nice penny off of the IPO. It sounds like its going to happen no matter what now :P
11:28 pm on Jan 5, 2004 (gmt 0)
looks like the newswires just woke up.
wish at least 1 journalist would write something slightly original, instead of copying his/her next door neighbour :)
good luck to Google is all I have to say.
11:33 pm on Jan 5, 2004 (gmt 0)
Congrats to Google. Is anyone aware if they filed their S1 statement?
5:43 am on Jan 6, 2004 (gmt 0)
The price is a bit shocking. 8 times the expected 2004 revenue, and 40 times the net profit. Much higher p/e than overture, although the risk is much higher. dotcom rush is back!
5:22 pm on Jan 6, 2004 (gmt 0)
I think forward earnings estimates have been less acurate than using last 12 months. If those figures are correct - it gives google a trailing p/e of 60. Either way it would be pretty high.
However, the earnings listed in that article are guesses. We will learn more soon enough. Looks like those that speculated on the April date may be right.
Just to make sure people get the difference. Google would be selling about 1/3 of the company for ~$5 billion. This doesn't mean the company would have a market cap of $5B - you have to take into account the other two thirds.