GOOG To Open Trading At $85 Per Share

[garyp]

SEC gives the go ahead.

[Elisabeth]

damn...

Just a snippet of info:
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&dateid=38217.6742824074-818000346&

[Joseph Morin]

Best of luck GOOG!

[rustybrick]

official email from Google:

Please be advised that on August 18, 2004 at 4:00 p.m. (Eastern Daylight
Time) the Securities and Exchange Commission declared the registration
statement pertaining to shares of Google Class A common stock effective,
and Google and the underwriters closed the auction.

YOU MAY ACCESS THE CURRENT PROSPECTUS BY CLICKING

https://www.ipo.google.com/data/prospectus.html

We are sending this notice to everyone who obtained a bidder ID,
regardless of whether you have submitted a bid to purchase shares of
Google's Class A common stock in the offering. You may also get a
similar notice from your brokerage firm.

If you have submitted a bid, you should access the current prospectus
and carefully reconsider your bid(s). Bids may be accepted by the
underwriters at any time after 5:00 p.m. (Eastern Daylight Time) today
by sending you a notice of acceptance. You may withdraw your bid(s) by
contacting your brokerage firm at any time until the notice of
acceptance is sent to you. Please note that submitting a bid does not
guarantee that you will be allocated shares in the offering, if it is
completed. YOU SHOULD BE AWARE THAT THIS MAY BE THE LAST COMMUNICATION
THAT YOU RECEIVE FROM US BEFORE YOUR BID MAY BE ACCEPTED.

Please do not reply to this email. If you have questions regarding this
process, please contact your brokerage firm.

[Nacho]

For thos who didn't participate on the IPO, get your eTRADE, Datek or Ameritrade accounts ready, becuase the fun is ready to beguin. We should expect to see it actively trading on the NASDAQ tomorrow morning.

Based on the IPO price change I predict a 3 - 6% increase on open by the end of the first day based on demand of those who did not participade through the bidding process.

GOOG LUCK!!!

Don't forget to bookmark your favorite stock source. I personally like Yahoo! Finance (http://finance.yahoo.com/q?d=t&s=GOOG).

---------------------------------------------------------------
SearchEngineWatch Forums is not affiliated in any way with Google, Inc. I am not a Google employee nor do I know one. I do not work for any financial institution either. The opinions expressed in the posts of this thread are solely for conversation purposes and should not be construed as investment advice.

[Joseph Morin]

We should have the share price within a few minutes:

http://biz.yahoo.com/ap/040818/google_ipo_25.html

[garyp]

Those of you who track Google history might find this chronology from the AP useful.

Events Leading to Google's IPO
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040818/ap_on_hi_te/google_chronology_2

Btw, if you want more Google history...
I compiled this collection of "historic" and fun Google pages and postings a couple of years ago. Enjoy!!!
http://www.resourceshelf.com/2002/09/look-back-as-google-celebrates.html

Enjoy!!!

[Nacho]

Can you believe this use to be Google Hardware (http://web.archive.org/web/19980502040406/google.stanford.edu/googlehardware.html) back on May 1998 and their goal was to get $1 million from Yahoo! for their technology, but later on got $25 million in Equity Funding a year after . . . W:eek:W!!!!

Wonder where your search ran? Here are the machines:

http://web.archive.org/web/19980502040406/http://google.stanford.edu/mvc-043f.jpg

[garyp]

Nacho:
If you want to see a few newer pics and read some interesting stuff, this presentation from 2004 by a senior Google scientist might be of interest.

Challenges in Running a Commercial Search Engine (3.5 MB; PDF)
http://www.research.ibm.com/haifa/Workshops/searchandcollaboration2004/papers/haifa.pdf

[Nacho]

Thanks!!! That's great stuff! :)

[seobook]

they priced at $85

[AussieWebmaster]

they priced at $85

It is official I am psychic!!!

[dannysullivan]

Few more articles:

Google IPO priced at $85 a share (http://edition.cnn.com/2004/BUSINESS/08/19/google.ipo/), CNN

Google sells 19.6 mln shares at $85 each (http://www.reuters.co.uk/newsArticle.jhtml?type=internetNews&storyID=6013560&section=news), Reuters (which does the math and says this means Google has now raised $1.67 billion).

If I understand things right, anyone who bid at $85 and above got the offered shares Wednesday night (whether if you bid more, you paid more, I'm unclear on). And today when the markets open, some of those newly minted investors may begin to flip their shares on the NASDAQ.

[Joseph Morin]

Shares should begin active trading between 10 a.m. and noon today (http://biz.yahoo.com/ap/040819/google_ipo_12.html) PST.

[Nacho]

Google's Insiders Strike It Rich With IPO (http://biz.yahoo.com/ap/040818/google_jackpots_3.html)

- Page collected $41,052,750 and Brin got $40,894,605 from the IPO. That's a pittance compared to their remaining stakes in the company. They are holding on to Google shares that are worth $3,239,416,725 for Page and $3,230,674,475 for Brin.

- Yahoo sold off 1.61 million Google shares to raise $136,914,430 and still owns 6.59 million shares worth $559,990,710 based on the initial offering price.

- Eric Schmidt picked up $31,362,025 Wednesday and still owns a stake worth $1,223,118,975.

- AOL made a killing on the IPO -- $63,218,325. AOL's remaining Google stake is worth $568,965,095.

- Angel Investors pocketed $7,061,205 in the IPO and is holding on to a $63,551,355 stake.

Most Google employees who own stock in the company didn't get to participate in the IPO, but some will have a chance to start cashing in next month. Google is allowing company insiders to sell up to another 4.58 million shares on the Nasdaq stock exchange in 15 days.

[garyp]

The Chicago Board of Options Exchange has announced it will start trading Google options next Friday.

http://www.cboe.com/common/PageViewer.asp?FILE=20040819%2Edoc&DIR=ACNews&HEAD=CBOE+News+Releases&SEC=7

[Nacho]

$100.01 up 18.8% on first tick. With price fluctuations between $94 and $100.50.

Woooooow!!!

[sem4u]

$140.929 now ;)

[Elisabeth]

From Y! Finance:

GOOGLE (NasdaqNM:GOOG) Quote data by Reuters

Last Trade: 140.929
Trade Time: 11:42AM ET

[eitemiller]

up to $ 140.929? Dang!

[Nacho]

The $140 price is WRONG.

Real Time price has gone between $94 - $100.50

[Nacho]

For those who like looking at live quote charts, here is a really good one:

http://finance.lycos.com/qc/livecharts/default.aspx?symbols=NASDAQ:GOOG

Enjoy!

[Joseph Morin]

Unbelievable. This is actually pretty exciting.

[critter]

Sure is exciting..

Except we are all SEO's.....I'd think we should have known better and bought some shares at $85. Kinda like buying into your own company - shows confidence..

Any confidence in GOOG?

CRITTER

[Incubator]

I think it's great ! Hopefully now we will be able to hear more of the Google side of SERP's since there is now a stock holder value to know that info


WC

[Chris Boggs]

104.60 highest in today's range

[Chris Boggs]

60? maybe 55?

[rustybrick]

Yea - I bought 200,000 shares at $85 and then sold it just now.

Yea I wish. :D

[haplo]

whether if you bid more, you paid more, I'm unclear on

No, all successful bids over $85, got them at the set price of $85 per share.



Any confidence in GOOG?

Yes. But I'm also a Red Sox fan.

[critter]

Yes. But I'm also a Red Sox fan.
Im a Blue Jays fan (even though they STINK)

[Nacho]

"Google delivers pop despite auction"

Google and its underwriters apparently created a situation in which the stock popped 17 percent from its $85 price in its opening trade, setting the share price lower than the actual demand level and doling out fewer shares than were requested by investors.

These tactics clash with the spirit of Dutch auction IPOs, in which the share price is set by bids from individuals.

The Mountain View, Calif.-based company Google.com, Inc. (GOOG) closed at $100.33 for a rise of 18 percent over its $85 offering price. The stock first changed hands at $100.01. See full story (http://www.marketwatch.com/news/story.asp?guid=%7B892B3D22%2DB024%2D4119%2DA5EB%2D A56E2DD46100%7D&siteid=yhoo).

[David Wallace]

Yea - I bought 200,000 shares at $85 and then sold it just now.

Yea I wish. :D
Just think, had you of bought 1000 and sold them at close, you would have made a cool $15,000. Not bad for a day's work.

[Nacho]

Google powers ahead on Day 2 (http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BA8BD468C%2D9861%2D42A8%2DBDFF%2DF9044CB9C7 F5%7D)

NEW YORK (CBS.MW) -- Shares of Google surged higher on their second day on the stock market Friday, helped along by a couple of analysts' upbeat comments.

Broker Jefferies & Co. initiated coverage of Google with a "buy" rating and a target price of $115, citing the company's value compared to major Internet issues like EBay and Yahoo.

Meanwhile, Think Equity Partners began coverage of Google with a "buy" rating and a price target of $120.