By the time it does IPO, people will be expecting it to raise $100billion. lol (or, maybe I shouldn't laugh)
Posted on Fri, Oct. 24, 2003
Online IPO for Google? Contra Costa Times Wire Services
Google Inc. declined to comment on a newspaper report that it's considering an unusual online initial public offering that could raise as much as $25 billion. The online auction would be designed to prevent a recurrence of financial scandals and slash underwriting fees that investment banks usually get by managing an IPO, the Financial Times reported on its Web site without citing the source of its information. IPOs traditionally have been sold by investment banks that set the offering price and collect fees for managing the transaction. But online auctions have emerged as an alternative. W.R. Hambrecht & Co., for instance, has created what it calls an IPO auction system, whereby Internet bidders set IPO share prices.
Morning Zeev For some reason all the speculation about the Google IPO has me thinking about the Netscape IPO So of coarse I Googled Found this and beins its Saturday thought the thread might enjoy a blast from the past
Netscape's initial public offering in August 1995 set the scene for the speculative Internet stock frenzy that continues to this day. Prior to the IPO, the intense buzz around the stock saw the original number of shares go from 3.5 million to 5 million and the offering price go from $12-$14 to $21-$24 -- and finally to $28. On the first morning of trading, the stock opened at $71. It closed the day at $58.25 -- about double what the most optimistic experts had expected. On Wall Street and in Silicon Valley the news was tantamount to a messenger riding at a full gallop through San Francisco in 1849 shouting ``Gold! There's gold on the American River!''
Man it seems like just yesterday I was calling around the country trying to get shares of NSCP <vbg> It has been a fascinating ride Perry
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