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Get a slice of Google for $85 a share

Mr magoo   on 19 August 2004 - 13:09 · 20 comments & 2441 views

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Having completed their “Dutch style” share auction, Google have decided on a price of $85 per share. Revised down from the expected $135, the change will mean that Google only raise $1.67 Billion, setting the company value at about $24 Billion. Yahoo, in comparison, is valued at about $39 Billion.

Google will be offering 19.6 million shares, and will be open for business on Thursday. The shares will be traded under "GOOG".

Google's path to "IPO" has been marred with problems, each taking the glean off what was initially the most awaited IPO in technology history. Issues like breaching the "silence period" before selling (‘that’ playboy interview), and illegally giving shares to its employees, have culminated to bring down the perceived value of the Google offering. Google’s IPO followed a very non-standard route, which has annoyed many on Wall Street; reputable journal ‘The Economist’ wrote last week that if Google does succeed in its IPO, it could set a trend for other companies going public- to avoid traditional investment bankers and go it alone – the implication being that it could cost some businesses a lot of money that they’d make from managing IPO’s.

That said, Google will still gain an enormous amount of revenue from the share sale. They have yet to decide (or announce) exactly where all these funds will be going.

View: Google.com
View: Google IPO Monitor (not related to Google)


This leaves Nintendo, once again, with a lot of titles that are bound to gather critical acclaim - and almost certainly deservedly so - but with the exception of Metroid Prime 2 not that many that are likely to scythe through the competition during a hectic Christmas rush.

Any GBA owners bound to an elderly relative's couch this Christmas won't have too much to worry about, however, with a number of exciting titles due on the handheld - despite the impending launch of the Nintendo DS, which is due out in Europe in early 2005. In fact, it'll be interesting to see how GBA sales fare in the run-up to Christmas purely on that basis.

We'll be in the queue though, busily scrabbling to get hold of Mario Golf Advance Tour (Sept 17th), the eagerly awaited The Legend of Zelda: The Minish Cap (Nov 12th), Mario vs. Donkey Kong (Nov 19th), and - for the sake of working out what it is more than anything - "Super Mario Ball" (Nov 26th). Square die-hards will be pleased to see Final Fantasy I & II: Dawn of Souls down for early December, too.

Key exclusives due out on Nintendo platforms in the run up to Christmas:


GameCube

Wario Ware, Inc.: Mega Party Game$ - September 3rd

Animal Crossing - September 3rd

Pikmin 2 - October 8th

Donkey Konga - October 15th

Paper Mario 2: The Thousand Year Door - November 12th

Tales of Symphonia - November 19th

Metroid Prime 2: Echoes - November 26th


Game Boy Advance

Mario Golf Advance Tour - September 17th

Pokemon Leaf Green/Fire Red - October 1st

The Legend of Zelda: The Minish Cap - November 12th

Mario vs. Donkey Kong - November 19th

Super Mario Ball - November 26th

Mario Party Advance - December 3rd

Final Fantasy I & II: Dawn of Souls - December 10th


Post a comment · Send to friend Comments · There are 20 additional comments
#1 [ timko ] on 19 Aug 2004 - 13:12
Let's all club together and buy some shares!
(1 reply) #2 Grappa on 19 Aug 2004 - 13:24
I was under the impression that we common plebes couldn't get IPO shares...
#2.1 YaddaMe on 19 Aug 2004 - 13:41
That is typically the case. But Google taking the non-traditional route means that te avg Joe can get in on day 1 w/ GOOG.
(1 reply) #3 UnaBonger on 19 Aug 2004 - 13:32
$85 still sounds like alot...
#3.1 enzo on 19 Aug 2004 - 18:39
I agree. To me, it seems like Google is being big-headed. $135 is a lot for a company just beginning to trade, and with $85 all the greatest shareholders will still make millions. I don't know about you guys, but I always feel bothered when something happens that makes rich people even richer.
(2 replies) #4 brundlefry on 19 Aug 2004 - 13:53
How many shares do you have to buy minimum?
#4.1 [ timko ] on 19 Aug 2004 - 14:33
I'm *guessing* (since I don't know jack about these kinds of things) at least 100 to make it worthwhile for them... as well as the buyer since there would be a bigger payoff in the long run.
#4.2 threetonesun on 19 Aug 2004 - 15:38
Nope, it was only 5 for this.

All the same, $85 was lower than expected, and I can only assume it's going to drop more.
#5 kainashi on 19 Aug 2004 - 14:38
wish i had the extra money.
#6 dl0711 on 19 Aug 2004 - 15:52
Call the Club : TGSC - The Google Stock Club
#7 Sub on 19 Aug 2004 - 16:10
Its already up 17%
#8 Monkeh on 19 Aug 2004 - 16:12
$24 Billion? Hahaha, nice one
#9 amnesia_kei on 19 Aug 2004 - 17:04
what's the best online stock investment site?
#10 dougkinzinger on 19 Aug 2004 - 17:13
Hmm....sounds like BOOG!
(1 reply) #11 Magallanes on 19 Aug 2004 - 17:35
It can be up for a while but MS want's to enter to the market... even if MS made a another useless search solution, the price of the action of goog will go down. And don't forget about google patent case and gmail case.

So, to buy actions for goog is really a risk and the name is quite stupid.
#11.1 chacho on 19 Aug 2004 - 18:08
QUOTE
and the name is quite stupid

because that really matters...
#12 redkahn on 19 Aug 2004 - 17:56
I bet it's down between $20-$40 a share a year from now (probably more toward $20).
#13 demorgoron on 19 Aug 2004 - 19:07
i would prefer to invest in vice funds
#14 lare2 on 19 Aug 2004 - 21:41
Since I don't have the extra cash, I'll better get a slice of cheesecake for now.
#15 toadeater on 19 Aug 2004 - 22:03
All this Google crap is starting to get annoying. Google Shmoogle.

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