Google to offer IPO tommarow
Purly Euclid
13-08-2004, 00:02
http://www.internetnews.com/bus-news/article.php/3394401
At last, some good news in the markets. This should be exciting to watch, and see how it preforms.
Since this IPO is conducted by Dutch auction, I was gonna try to buy a few shares for myself. However, I'm waiting for later. The current asking price is far too high, and is probably way overvalued. Still, I feel that this is positive for the markets, and the tech sector in particular.
Purly Euclid
13-08-2004, 00:17
So, no one's interested?
Purly Euclid
13-08-2004, 00:25
No one?
New Anthrus
13-08-2004, 00:26
Sure, why not. Google's an overpriced peice of shit. The company will loose big doing this.
Opal Isle
13-08-2004, 00:27
You know...aren't they pricing their shares at $128? Who is going to buy that? Honestly? I'm only 18, and I know the potential Google has to make huge profits, however, I'm not going to pay $128/share. If they were charing $20ish or something I might by a handful...
New Anthrus
13-08-2004, 00:30
You know...aren't they pricing their shares at $128? Who is going to buy that? Honestly? I'm only 18, and I know the potential Google has to make huge profits, however, I'm not going to pay $128/share. If they were charing $20ish or something I might by a handful...
From what I've heard, very few companies have share prices over $100. The most famous one that has share prices above that thresh hold is Berkshire-Hathaway, at $90,000. It's Warren Buffet's company, and I find it amazing that it's worth so much.
Opal Isle
13-08-2004, 01:05
From what I've heard, very few companies have share prices over $100. The most famous one that has share prices above that thresh hold is Berkshire-Hathaway, at $90,000. It's Warren Buffet's company, and I find it amazing that it's worth so much.
It'd be neat if you had bought 100 of those when they were like $10/share or something...
Purly Euclid
13-08-2004, 02:35
It'd be neat if you had bought 100 of those when they were like $10/share or something...
True. But GOOG will never go that low.
Opal Isle
13-08-2004, 05:53
True. But GOOG will never go that low.
That's because they're greedy bastards.
Purly Euclid
13-08-2004, 19:46
That's because they're greedy bastards.
But you have to be if you want to survive on Wall Street. Besides, who wants to see an end to Google? I have it as my homepage.
Santa Barbara
13-08-2004, 19:55
Go go google! I remember it before it was famous. Too bad I hadn't invested in it or something, eh?
Yahoo. Now THATS overrated.
It'd be neat if you had bought 100 of those when they were like $10/share or something...
Look at the shares outstanding:
1.27M
As opposed to MBNA
1.28B
Dupont
997.90M
Capital One
241.51M
Purly Euclid
13-08-2004, 20:05
Look at the shares outstanding:
1.27M
As opposed to MBNA
1.28B
Dupont
997.90M
Capital One
241.51M
I think I heard that this is to discourage day traders from the stock.
I think I heard that this is to discourage day traders from the stock.
Well, the price tends to do that. It wouldn't be that high if they had 1.2 billion shares outstanding.
Purly Euclid
13-08-2004, 20:19
Well, the price tends to do that. It wouldn't be that high if they had 1.2 billion shares outstanding.
Very true. However, I bet they'll have a bigger secondary offering after this.
Very true. However, I bet they'll have a bigger secondary offering after this.
Nah, that would just drive down the price farther then it might fall now.
New Anthrus
13-08-2004, 20:54
Nah, that would just drive down the price farther then it might fall now.
However, the threat of day traders may pass. They're only interested when stocks are volatile.