Hell ! I was anticipating Google @ 20-28 $ on Nasdq..instead its IPO for 108-111$. Any suggestions ?
To go in now or wait and see, in which case it could go out of reach…then some one should become an overnight money tree,shucksss ![]()
Hell ! I was anticipating Google @ 20-28 $ on Nasdq..instead its IPO for 108-111$. Any suggestions ?
To go in now or wait and see, in which case it could go out of reach…then some one should become an overnight money tree,shucksss ![]()
:D the prices will rize , mark my words :D
I v a good feeling about this
WAIT.
As I understand it, Google is trying a whole new auction method of pricing its IPO.
Traditional IPOs are considered hot when a price is pretty well fixed and you have a greater demand than you have supply. Thus, you have a pent up demand that wants to buy the stock when it opens for trading. So the stock opens higher than its IPO price and people make money right away. If the IPO price is set by auction, then you have already priced the issue at the price where the number of buyers (demand) equals the number of available shares (supply) at the opening price. There is no theoretical reason for the stock to go up on opening day.
There are simply too many possible negative news stories that can come out over the next 6 months which will have a tendency to knock the stock price down to make the IPO a good stock play. My bet is that you will be able to buy Google in the $80 to $90 price range sometime in the next 6 months.
google started off as million dollar investment and now is looking at a value of 30+ billion dollars, not a bad turn around. $100+ a share for a tec-IPO? see Bush's quote below and let's hope people learned something during the 90's.
Help me understand, from a business stand-point, how will Google grow? They are already #1 Search Engine.
Secondly, due to auction style IPO, why will their stock price go up after the stock starts trading?
Increased ad revenue from there pick pocketing gmail email, which will allow direct and more personal marketing. Increase sales of their hardware/software internal-business search engines, gmessenger (will probably pickpocket your IM's and sell the info to marketers), gprint, and on and on. The Internet is the Wild West and goggle is dipping its fingers into all sorts of mines. Thankfully for the consumer, unlike gold, these things can’t be horded up.
*Google prices reduced IPO at $85 a share *
SAN FRANCISCO (CBS.MW) -- Google (GOOG) on Wednesday set the price for its just-reduced 19.6 million share IPO at $85 a share, for proceeds of $1.66 billion in one of the Internet sector's biggest IPOs ever. The company had earlier cut its price range to $85 to $95 a share from $108 to $135 and the total offering from 25.7 million shares.
Google goes with the philosophy of 'do no evil' .. can you point out another billion dollar company that has this slogan on their freakin website??? Their employees come to work wearing roller blades & one day of the week they get paid to do what they like. Not something that is realted to their work but WHAT THEY LIKE. I would give anything to go start working there. It's hard to find in this greedy corporate world today people who believe in principles. And with average investors totally disgusted with CEOs & corporate board directors, Google gives them someone who they can trust.
I know people burnt out from the dotcom bust & tech stocks in general but they still will buy Google stocks like hot cake.
It is true that the starting price of the stock will not grow like crazy over night like most other IPOs but that's how it was suppose to be. But it will go up over time ... I am willing to bet on it!!
They basically burned the rich stock brokers who would have all the say in an IPOs going public & then make money out of it for themselves & their rich clients [like myvoice bhaijaan], instead they distributed the money among all the investors ... going back to their philosophy of doing no evil.
[QUOTE]
Originally posted by ahmadjee: *They basically burned the rich stock brokers who would have all the say in an IPOs going public & then make money out of it for themselves & their rich clients * [like myvoice bhaijaan], ** instead they distributed the money among all the investors ... going back to their philosophy of doing no evil.
[/QUOTE]
:D
Actually, I will not be suckered into buying stocks again. There is now one less rich client for those greedy little sleazeball brokers to suck precious bodily fluids from. All my money is tied up in cash. Most of it is burried in coffee cans in my back yard as I anxiously await the concluding acts of the war between civilizations.
MV you do that. I am going to exploit the war of civilizations by investing in private equity funds looking at small/midcap security companies. This market is up over 250% y/y in the last two years. Guess where the biggest buyers of th eproducts are? Yup…I love arabs. ![]()
Google breaks $100
Google shares rocket on first day](BBC NEWS | Business | Google shares rocket on first day)
All eyes on Google, the most high-profile technology IPO in years
Shares in Google have shot up 18% on its first day of trading, marking a dramatic comeback from the humiliation of its cut-price public offering.
Google shares - whose offer price had been set at $85 - rose to as high as $100.51 in early trade.
The price had been cut from an initial estimate of $108-135, in the face of weakness in the tech sector and several stumbles during the offer process.
The sale of 19.6m shares is expected to raise $1.66bn (£0.90bn).
The Google flotation ranks as the third richest US-based IPO on the Nasdaq after Charter Communications in 1999 and Genuity in 2000.
Dutch auction
Google offered shares through a “Dutch auction” designed to give small investors a better chance of getting their hands on its stock.
Potential buyers were asked to specify both the price they are willing to pay, and the number of shares they want.
The bids were placed in order, starting with those offering the highest price. The allocators worked down the list from the top, allotting each bid in turn the shares it requests, until all the shares available had been accounted for.
The lowest successful bid then became the issue price.
Hiccups
The share sale, watched with keen interest around the globe, has already encountered some problems.
The SEC took longer to sign off the necessary paperwork than expected.
Separately, Google revealed on Monday that the US stock market watchdog had launched an informal inquiry into its failure to register shares given to employees.
The probe centres on a possible breach of US stock market rules arising from the firm’s failure to register 23 million shares and 5.6 million share options it offered to employees and consultants.
The company may face fines if the SEC finds that the share issue was contrary to stock market regulations.
Google has offered to buy back the shares, but at a lower price than they are expected to reach when traded on the stock market.
There is no guarantee that the holders of the shares will accept the buyback offer. Some may choose to sue the company instead, or hang onto their allocation and sell them once the shares start trading on the Nasdaq.
get out while you can :)
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** Up over 250% y/y in the last two years??? ** Methinks I will have to rethink my deflation oriented investment strategy.
I bow to you Matsui.
You have figured out yet another way for smart Americans to make a buck on the backs of those Arabs. ![]()
From here on,nothing should be taken for granted with this stock. untraditional IPO methods have forced me to crawl back into my hole,![]()
whats that word they use,
AntiClimax,![]()
you made your $, now run with it
abort! abort! abort!,tora tora tora,buy nortel,![]()
And what goes up...must go down.
Still wait or buy? :D
[QUOTE]
*Originally posted by RoCKiSTaN: *
And what goes up...must go down.
[/QUOTE]
and the trick is timing ;)