| |
intelliot
Site Admin
Joined: 01 May 2004
18653.45 GC$
Items
|
 Posted: Sun Aug 01, 2004 5:17 pm Post subject: Video woos Google investors |
 |
|
|
| Quote: | Google, the world's most-used internet search engine, has sold the virtues of its impending multibillion-dollar float on video to prospective investors in the United States.
Google plans to raise as much as $US3.3 billion ($A4.7 billion) in what would be the largest initial public offering yet seen for a US internet company.
It will use an online auction to accept bids rather than having underwriters distribute shares. Some fund managers warn the offering could be risky for small investors.
"The little guy is going to get slammed," said Thomas Wyman, who helps manage about $500 million at a San Francisco fund manager.
The video features Google co-founders and co-presidents Sergey Brin, 30, and Larry Page, 31, chief executive Eric Schmidt, 49, and chief financial officer George Reyes. Mr Page said the auction would "make the process more democratic".
Mr Wyman said most companies sold shares in an IPO for about 15 per cent less than their expected price on the first day of trading. In Google's auction, investors may bid the shares up to a higher price.
Advertisement Advertisement
David Menlow, president of US research firm IPO Financial Network, warned that the shares could fall as much as 50 per cent within a few days.
Google urged investors to read the risks section of its IPO filings with the US Securities and Exchange Commission. Risks include a likely fall in the share price after the initial sale, competition from the likes of Microsoft and Yahoo!, and the prospect of a slowdown in Google's revenue growth.
The company plans to sell 24.6 million shares for $US108 to $US135 each, with the offering potentially valuing Google as high as $US36 billion. |
|
|
| Back to top |
|
|
Sponsored Links
|
| Posted: 5 Dec 2008 11:06 am Post subject: Advertisements |
|
|
|
|
|
|
| Back to top |
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Host your free forums with Invision Plus.net forum web hosting with your own subdomain.
alexisBlue v1.2 // Theme Created By: Andrew Charron // Icons in Part By: Travis Carden |
|
|
|
|
