Google

SEC OK’s Google IPO – Google on its way to trade as early as Thursday

The Securities and Exchange Commission granted final approval Wednesday to the paperwork required for Google Inc.’s initial public offering, paving the way for the Internet search giant to set a price for its shares and begin selling them after several stumbles and a last-minute downward revision on the size of the offering.

http://abcnews.go.com/wire/Business/ap20040818_1821.html

Google IPO – Notice of revised date to have the registration statement declared effective

Google sent the following Mail to people who registered to bid before the IPO price is determined,

Please be advised that the prospectus for the offering of Google’s Class A common stock will be amended to change the estimated offering price range and the number of shares to be sold in the offering. The offering price is now expected to be between $85 and $95 per share. As originally planned, Google expects to sell 14,142,135 shares of Class A common stock in the offering. However, in view of this new price range, the selling shareholders are reducing the shares they expect to sell to approximately 5.5 million shares, yielding a total offering of approximately 19.6 million shares. In addition, the selling shareholders have granted the underwriters the right to purchase approximately 2.9 million additional shares of Class A common stock at the initial public offering price to cover over-allotments.

Google and the underwriters requested that the Securities and Exchange Commission declare the registration statement effective on Wednesday, August 18, 2004 at 4:00 p.m. (Eastern Daylight Time). Holders of bidder IDs will be sent a notice of effectiveness once the registration statement has been declared effective. Google and the underwriters expect to close the auction when the registration statement is declared effective.

Google plans to file an amendment to the registration statement Wednesday morning. Holders of bidder IDs will be sent a notice of amendment to the registration statement when it is filed, at which time you will be able to obtain a copy of the updated prospectus from https://www.ipo.google.com/data/prospectus.html. If you have submitted a bid, you should access that prospectus and carefully reconsider your bid(s). Please note that placing a bid does not guarantee that you will be allocated shares in the offering, if it is completed.

A registration statement relating to Google’s Class A common stock has been filed with the Securities and Exchange Commission but has not yet become effective. Google’s Class A common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Google’s Class A common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No offer to buy shares of Google’s Class A common stock can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time until the notice of acceptance is sent after the effective date.

its also available here….. https://www.ipo.google.com/press-release-20040818-1.html

Google Slashes IPO Price Range – IPO Price range reduced by Google,

In a Surprising move by Google, The IPO range price was reduced by Google from 108$-135$ to 85$-95$,

According to the reuters article:

Google Inc., the Web search engine, on Wednesday slashed the price range on its eagerly awaited initial public offering to between $85 and $95 per share from $108 to $135 per share.

http://www.reuters.com/newsArticle.jhtml?type=internetNews&storyID=6004505

Google’s IPO delayed

Google Inc.’s initial public offering has been delayed while the company awaits final approval of its paperwork by the Securities and Exchange Commission.

Regulators made no decision Tuesday as Google had requested, said John Heine, an SEC spokesman. The Internet search company had requested that its registration statement be made effective at 4 p.m. EDT to clear the way for shares to begin trading as early as Wednesday morning. More here

Google seeks OK to sell shares

Google has signaled that its share auction is nearly complete, asking the Securities and Exchange Commission for approval to begin selling 25.7 million shares of stock starting late this afternoon.

Venture capitalists and Google watchers said yesterday’s request, coming on the first business day after the bidding opened, suggested the Web search provider’s much-anticipated auction already may be oversubscribed at a price in the target range of $108 to $130 a share. That would fetch Google between $2.8 billion and $3.3 billion, the biggest initial public offering ever for an Internet company.

Tactics of ‘Google Guys’ Test IPO Law’s Limits

Playboy magazine issue is still burning hot, AN other related news on the Google guys controversy,

The “Google Guys, America’s Newest Billionaires” — as company founders Sergey Brin, 30, and Larry Page, 31, are described in the new issue of Playboy magazine — may be engineers by training, but they are proving to be skilled at marketing too.

Having built one of the world’s best-known Internet search engines through free publicity and word of mouth, they have generated global attention for their ongoing $3 billion electronic auction of stock by granting an exclusive interview with Playboy. more….

Auction for Shares In Google’s IPO Could End Today

Google Inc.’s initial public offering took a major step forward as the company notified investors that today may be their last chance to submit, withdraw or change bids in the unusual $3 billion electronic auction for stock in the Internet giant. More news…

Google Could Make Its Market Debut Wednesday

The Web search company said on Monday it has asked the U.S. Securities and Exchange Commission to declare its registration statement effective on Tuesday at 4 p.m. EDT

Read more here…….

Google and the underwriters have requested that the Securities and Exchange Commission declare the registration statement pertaining to Google’s initial public offering of Class A common stock effective on Tuesday, August 17, 2004 at 4:00 p.m.

source: http://www.ipo.google.com/press-release-20040816-1.html

Google (GOOG) on Monday said that it has asked the Securities and Exchange Commission to declare its IPO effective on Aug. 17 at 4 p.m. Eastern, which could see the search company’s shares trading the next day.

Source: CBS market watch

Google’s Funny logos – Google Olmypic logos, Google Athens 2004 Logos

Google has a good sense of humour as we all know, They had the Pigeon rank, Lunar search etc, Now they have some nicely designed google logos on their search page, These logos are designed with The olympics in sight, Right now they displayed 5 logos which is posted below, More Google logos will be posted here as google shows them on their homepage,

Google olympic logo - 1

Google olympic logo 2

Google olympic logos - 3

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Google olympic logo - 5

Passing Parade: Google Hype Vs. History

The Google IPO has attracted almost as much media attention as the Normandy invasion did in June 1944. Both had casualties. At least we know the assault on the French beaches 60 years ago was successful.

From the beginning, Google created a carnival atmosphere in announcing it was going public through a Dutch auction. That raised a few eyebrows and created a lot of confusion. A Dutch auction is just that: An auction with stock going to the highest bidder. In theory, all investors are equal. Anybody with a few dollars, a dream and a high enough bid can buy into an IPO at its offering price — in theory, that is. But as the Google IPO unfolded, some investors were more equal than others. First came a requirement buried in the pages of the prospectus. A potential bidder had to be an “accredited investor.” That meant the average man or woman on the Street would not be qualified to bid on Google’s IPO, unless his or individual financial status was pretty darn sound. More here…

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