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so it starts tomorrow eh?

Google IPO

     
9:42 pm on Aug 12, 2004 (gmt 0)

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[ipo.google.com...]

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.

Shak

9:52 pm on Aug 12, 2004 (gmt 0)

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Friday the 13th?

The wags are already sharpening their wits.

9:57 pm on Aug 12, 2004 (gmt 0)

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Very interesting. Do it or no. I got all the things ready to do it but i dont know. :P
9:58 pm on Aug 12, 2004 (gmt 0)

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"Never start anything big on a Friday" -mom.
10:01 pm on Aug 12, 2004 (gmt 0)

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Or in August, most successful investors are on vacation.
10:06 pm on Aug 12, 2004 (gmt 0)

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"Never start anything big on a Friday"

Amen. Especially not after such a bad week for tech stocks -- Cisco, Nat Semi and now HP. Guess we'll find out soon if folks at G are best and brightest or too clever for their own good.

Will be very interesting.

10:07 pm on Aug 12, 2004 (gmt 0)

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Maybe they are trying to make a statement :p
Friday 13th in August... against all odds we will still be successful?
10:18 pm on Aug 12, 2004 (gmt 0)

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I dont care if everyones on vacation im sure people will stop vacation to follow this one.
10:21 pm on Aug 12, 2004 (gmt 0)

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I dont care if everyones on vacation im sure people will stop vacation to follow this one.

Yeah follow, I have this feeling that being a side observer will be the next best thing to G's employee with lots of sub-$1 stock options...

10:24 pm on Aug 12, 2004 (gmt 0)

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I wonder when a search for "goog" will start brining up a link to Google stock like it does for all other stock symbols. I know they're not on the NASDAQ yet, it just seems strange that they haven't set that up.
10:57 pm on Aug 12, 2004 (gmt 0)

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>> I have this feeling that being a side observer will be the next best thing

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.

[quote.bloomberg.com...]

11:07 pm on Aug 12, 2004 (gmt 0)

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Forget about the friday 13th superstition , but historically friday is not the best date to launch something big (exception :- Movies) ,right? ...

I think whoever incharge of the IPO stuff are either too clever or dumb as a duck :)

11:18 pm on Aug 12, 2004 (gmt 0)

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Contrarian investors will tell you if the masses thinks it will fail, it's going to be a big success.
11:21 pm on Aug 12, 2004 (gmt 0)

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Isn't the auction process just a way to figure out what the stock is going to sell for? Or is Google somehow bound to honor auction bid prices?
11:32 pm on Aug 12, 2004 (gmt 0)

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Or in August, most successful investors are on vacation.

It's not "successful" investors I'd be looking for if I were in their shoes ....

11:44 pm on Aug 12, 2004 (gmt 0)

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Show me the money!...mine is as far away from this as possible...but hey...have fun with your cash! Lotto tickets, IPO's, garage sales for antique roadshow big bucks? All the same...take your chance with what you got! I see too many pumpers on this one.
12:02 am on Aug 13, 2004 (gmt 0)

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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

12:56 am on Aug 13, 2004 (gmt 0)

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Well here's a thought - does anybody else think this might be rushed due to the possible delay from the P*boy article and the violation of the "quiet period"?
1:02 am on Aug 13, 2004 (gmt 0)

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If anything, I thought that it was going to be delayed because of that while the SEC investigates. It was my understanding however that the interview was conducted in April before they filed their S1 registration, so it may be a mute point.
1:15 am on Aug 13, 2004 (gmt 0)

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EquityMind,

Sorry, English isn't my native language... but when you said "mute point", do you actually mean "moot point" which sorta makes more sense to me.

1:18 am on Aug 13, 2004 (gmt 0)

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LOL....yes, thank you iRock, I'll blame that from still recovering from lack of sleep during SES and trying to play catch up this week. ;)
1:22 am on Aug 13, 2004 (gmt 0)

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Oh okay :) Nice to know I didn't mix up the words...
2:24 am on Aug 13, 2004 (gmt 0)

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Anyone who bids on this stock is insane.
$100 a share is 200 times earnings.
The people who complain that the brokers supporting the issue are keeping all but "accredited investors" out should count their lucky stars.
This IPO is like a giant festering zit left over from the Dot Com binge. Do the math, don't think about Yahoo, that is way over priced too...stay away...and laugh at the fools who will be crying in the end.

This stock is barely worth $10

2:27 am on Aug 13, 2004 (gmt 0)

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>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.

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.

2:39 am on Aug 13, 2004 (gmt 0)

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The P/E may end up being huge for GOOG, but remember that most tech stocks have a big P/E as compared to other industries. I would wait until after the IPO..IPO's tend to be unstable initially...wait until the dust settles on this one...

Dave.

2:42 am on Aug 13, 2004 (gmt 0)

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The smart money will be shorting it as soon as possible
3:16 am on Aug 13, 2004 (gmt 0)

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They may tend to have high PE's but in the current market most of the major techs are nowhere near 200, even in ecommerce/search.
3:37 am on Aug 13, 2004 (gmt 0)

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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! :(

Whew ...

4:55 am on Aug 13, 2004 (gmt 0)

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This is a closed auction for Google. It is not an initial public offering (IPO).

It's not even public - only open to registered bidders (who need to be US residents, I believe..).

Might want to correct various titles or risk making us all look a little foolish.

6:43 am on Aug 13, 2004 (gmt 0)

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I fully agree with IITian!

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 :-)

Mozart

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