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Please be advised that Google and its underwriters expect to open the auction for the shares of Google's Class A common stock at 9:00 a.m. (Eastern Daylight Time) on Friday, August 13, 2004. You must already have a bidder ID if you intend to submit a bid in the auction for Google's Class A common stock.
Not many with wads of dough are thinking so...
In an interview last month, Michael Hogan, chief operating officer at HarrisDirect, said he expects bids for Google shares from 30,000 of its customers who have at least $100,000 in assets.
Only Google. Best of luck to you.
This stock is barely worth $10
Ironically this is good for Google. Prices will be closer to value - towards the low end of the estimate or even lower. Less chance of getting burnt by buying the stock and hating Google ever after.
I can't believe the timing on this. August in a stock slump, during a war crises, in an election year after 33 other firms have pulled or delayed their IPO's this year (including Claria today) on Friday the 13th. Only Google. Best of luck to you. EquityMind
Don't forget record high gas prices, rising interest rates, rising inflation, and record personal and federal debt. Now look at me! I'm a mess! :(
I also think that this was with full intention placed against so many bad omens: a friday, the 13th, August, during a tech mini massacre, just after interest rate rise, looming election (may this time the right person win!) and so much more! Oh yes, holidays for some.
As it is an auction the price per share will still be much higher than it should be and this intentional IPO date at least gets it closer to true value and thus avoids the otherwise typical steep rise, steep fall of IPOs.
My 2 cents worth. The rest goes to Google :-)