Quote:
Originally posted by KRL
CNBC's James Cramer from TheStreet.com said today he thinks its going to blow out the roof and go to a $70Bil valuation.
If that happens founders Sergey Brin & Larry Page will each go over $10 Billion on paper from a 6 year old company. They each have about 15%.
Interesting also they're doing the IPO on Class A Common and are keeping control of Class B which have 10 times the voting power.
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does anyone actually listen to that idiot?
the price will be inflated, but 70 bil is way too high and would result in just a stupid P/E ratio. there would be a ton of selling pressure at half that .