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You must be a U.S. person

Is this fair?

     
6:58 pm on Aug 10, 2004 (gmt 0)

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[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?

7:29 pm on Aug 10, 2004 (gmt 0)

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kapow, try this comic :-)
[userfriendly.org...]
7:36 pm on Aug 10, 2004 (gmt 0)

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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.

7:41 pm on Aug 10, 2004 (gmt 0)

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Couldn't you buy them through a U.S. based broker?
7:47 pm on Aug 10, 2004 (gmt 0)

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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.

7:55 pm on Aug 10, 2004 (gmt 0)

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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.

7:58 pm on Aug 10, 2004 (gmt 0)

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The rest of the world is a VERY foreign country.....
8:01 pm on Aug 10, 2004 (gmt 0)

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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.

8:02 pm on Aug 10, 2004 (gmt 0)

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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

8:04 pm on Aug 10, 2004 (gmt 0)

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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.

8:07 pm on Aug 10, 2004 (gmt 0)

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Can anyone tell me if this is standard practice?
8:10 pm on Aug 10, 2004 (gmt 0)

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Do you really want to buy? good luck
8:26 pm on Aug 10, 2004 (gmt 0)

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they are an American company and stand to American values.

huh?

8:31 pm on Aug 10, 2004 (gmt 0)

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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 :)