GOOGLE Going Public TOMORROW? - GoFuckYourself.com

DIH · 08-17-2004, 08:23 PM

Google IPO site: http://www.ipo.google.com

check out abc news tonight after your local news they seem to be hinting that they will be approved sometime between this post and the open of the market that it will be approved and will be public wensday. more info to come shortly

however it is said that it may be delayed for another week but you never know when they are planning some sneaky shit...

the following excerpt is from off the wire earlier

o SEC Decision on Google IPO Paperwork
Long-Awaited Google IPO Delayed While Company Awaits SEC's Final Approval of Its Paperwork

The Associated Press

SAN JOSE, Calif. Aug. 17, 2004 ? Google Inc.'s long-awaited initial stock sale, which appeared imminent Tuesday, has been delayed while the company awaits final approval of its paperwork by the Securities and Exchange Commission.

Regulators will make no decision Tuesday as Google had requested, said John Heine, an SEC spokesman. The Internet search company had requested that its registration statement be made effective at 4 p.m. EDT.

Heine declined to provide a reason for the delay, but he said no decision would be made after the SEC's close of business, which is 5:30 p.m.

Google did not immediately return telephone calls seeking comment.

The company has updated its regulatory filings several times since first announcing its plans to go public in April, including an update on Monday that stated the SEC was investigating its issue of pre-IPO shares and options without registering them.

Typically, companies work closely with the SEC to ensure all paperwork is in order, making final approval a routine process.

"The SEC did have a day to look at it. If it's more of a technical issue like someone forgot to dot an `I' or cross a 'T' they've had a day to deal with it," said Tom Taulli, co-founder of CurrentOfferings, an IPO research company.

He said he wondered if the SEC may have more serious concerns, and if it could be related to the agency's informal inquiry into Google's issuance of options and stocks. "I'm not saying it's going to derail the IPO, but maybe they want to look at it a little bit further."

Other possible explanations include the agency's heavy workload, special attention given to the high-profile Google offering and extra caution in the wake of a string of corporate scandals that emerged in part because of the SEC's lack of due diligence, Taulli said.

Google had planned to close its share price-setting auction no earlier than an hour after receiving the SEC's blessings. If that had happened, winning bidders could have been notified and shares could have been traded on the Nasdaq Stock Market as early as Wednesday.

Google anticipates its 25.7 million shares will be priced between $108 and $135 each in what could be a $3 billion initial public offering, which would be a record for an Internet company. If the stock trades at the midpoint of Google's range, it would have a market capitalization of about $30 billion lower than Yahoo Inc.'s but above General Motors Corp.

The deal would turn Google's 30-something co-founders Larry Page and Sergey Brin into billionaires and create a windfall for the search company's early investors and 2,292 employees who are expected to sell at market prices shares they bought for as little as 30 cents each.

Insiders flooding the market combined with strong demand from outside investors could lead to surprises when the stock finally debuts.

Then again, that's nothing new for Google.

Since it was founded in 1998 by Stanford University students Page and Brin, it has always been something of an oddball. Its design eschewed flashy ads for a simple, quick-loading layout. Its search algorithm out-powered all rivals. Its name became synonymous with Internet search.

The Mountain View-based company, which makes money by selling unintrusive text advertising, managed to prosper as a private company even while other dot-coms were collapsing. Now, as the technology industry is just recovering, Google stands to prosper even more.

In the second quarter of this year, for instance, Google earned $79.1 million, or 30 cents per share, compared with $32.2 million, or 12 cents per share, in the same period last year. Sales more than doubled, to $700 million in the latest period from $311 million last year.

But its surprising success pales in comparison to the roller coaster ride that's taken place since Google announced in April that it planned to make its stock available to the public.

The four-month saga that has included Google's unusual IPO auction to set price based on demand, folksy letters embedded in filings, a Playboy magazine interview of its founders despite a quiet period and the discovery that the company neglected to register millions of shares.

The auction was designed to democratize the IPO process, which is usually limited to investors connected to investment banks. Still, many analysts questioned whether Google's projected price was affordable to average investors.

Google's prospectus not only included the usual bureaucratic language and charts, but also a folksy letter from its founders. The document contained more than 20 pages of warnings, ranging from competition and potential technical problems to gaffes like the Page and Brin interview that appeared in Playboy magazine during the company's so-called quiet period.

One of the more serious disclosures was the fact that Google neglected to register 23 million shares and 5.6 million options. They were issued from September 2001 through July 2004, primarily to employees and consultants.

To make amends, Google is offering to buy back the shares and options for $25.9 million, including interest payments. The offer will be sent to 1,406 people, who could reject the buyback and sue the company if they feel Google's offer isn't high enough.

The SEC's inquiry could lead to more penalties. Several state regulators also have asked for information on the bungled stock issues, Google said.

On the Net:

DIH · 08-17-2004, 08:31 PM

anyone know why they would be pushing it so early I had read this before:

Of most importance I think:
----
Google IPO - Auction to Open on Friday, August 13, 2004
Pricing of IPO Expected to be Announced During the Week of August 16, 2004
August 12, 2004

Please be advised that Google and its underwriters expect to open the auction for the shares of Google's Class A common stock at 9:00 a.m. (Eastern Daylight Time) on Friday, August 13, 2004. You must already have a bidder ID if you intend to submit a bid in the auction for Google's Class A common stock.
-----------------

Google IPO - Notice of request to have the registration statement declared effective
August 16, 2004

Please be advised that Google and the underwriters have requested that the Securities and Exchange Commission declare the registration statement pertaining to Google's initial public offering of Class A common stock effective on Tuesday, August 17, 2004 at 4:00 p.m. (Eastern Daylight Time). Holders of bidder IDs will be sent a notice of effectiveness once the registration statement has been declared effective.

To access a copy of the current prospectus, please click here.

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 in as little as ONE HOUR after the notice of effectiveness of the registration statement is sent to you. 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.

A registration statement relating to Google's Class A common stock has been filed with the Securities and Exchange Commission but has not yet become effective. Google's Class A common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Google's Class A common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No offer to buy shares of Google's Class A common stock can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time until the notice of acceptance is sent after the effective date. Of the shares to be sold in Google's initial public offering of Class A common stock, 14,142,135 will be issued and sold by Google and 11,555,394 will be sold by the selling stock
------------------------

Now I thought The date was friday (of this week) not last so why would news stations be hyping it up for tomorrows opening? because Ive heard a similar report saying something about wed from two local stations, but nothing from a big source ie cnn or cnbc but then again it is after hours. I will check it out this morning around 5 and see whats up. Maybe Im getting passed bad info by our media but Im just trying to find out so I can watch the happenings

Anyone have any more real info on this?

AndrewKanuck · 08-17-2004, 08:32 PM

blah blah blah, they're over valued for the opening.

NichePay_Manny · 08-17-2004, 08:43 PM

Wow that is impressing #s.But I don't like them at all.

08-17-2004, 08:23 PM	#1
DIH Confirmed User Join Date: Jul 2004 Location: Cleveland Posts: 263	GOOGLE Going Public TOMORROW? Google IPO site: http://www.ipo.google.com check out abc news tonight after your local news they seem to be hinting that they will be approved sometime between this post and the open of the market that it will be approved and will be public wensday. more info to come shortly however it is said that it may be delayed for another week but you never know when they are planning some sneaky shit... the following excerpt is from off the wire earlier o SEC Decision on Google IPO Paperwork Long-Awaited Google IPO Delayed While Company Awaits SEC's Final Approval of Its Paperwork The Associated Press SAN JOSE, Calif. Aug. 17, 2004 ? Google Inc.'s long-awaited initial stock sale, which appeared imminent Tuesday, has been delayed while the company awaits final approval of its paperwork by the Securities and Exchange Commission. Regulators will make no decision Tuesday as Google had requested, said John Heine, an SEC spokesman. The Internet search company had requested that its registration statement be made effective at 4 p.m. EDT. Heine declined to provide a reason for the delay, but he said no decision would be made after the SEC's close of business, which is 5:30 p.m. Google did not immediately return telephone calls seeking comment. The company has updated its regulatory filings several times since first announcing its plans to go public in April, including an update on Monday that stated the SEC was investigating its issue of pre-IPO shares and options without registering them. Typically, companies work closely with the SEC to ensure all paperwork is in order, making final approval a routine process. "The SEC did have a day to look at it. If it's more of a technical issue like someone forgot to dot an `I' or cross a 'T' they've had a day to deal with it," said Tom Taulli, co-founder of CurrentOfferings, an IPO research company. He said he wondered if the SEC may have more serious concerns, and if it could be related to the agency's informal inquiry into Google's issuance of options and stocks. "I'm not saying it's going to derail the IPO, but maybe they want to look at it a little bit further." Other possible explanations include the agency's heavy workload, special attention given to the high-profile Google offering and extra caution in the wake of a string of corporate scandals that emerged in part because of the SEC's lack of due diligence, Taulli said. Google had planned to close its share price-setting auction no earlier than an hour after receiving the SEC's blessings. If that had happened, winning bidders could have been notified and shares could have been traded on the Nasdaq Stock Market as early as Wednesday. Google anticipates its 25.7 million shares will be priced between $108 and $135 each in what could be a $3 billion initial public offering, which would be a record for an Internet company. If the stock trades at the midpoint of Google's range, it would have a market capitalization of about $30 billion lower than Yahoo Inc.'s but above General Motors Corp. The deal would turn Google's 30-something co-founders Larry Page and Sergey Brin into billionaires and create a windfall for the search company's early investors and 2,292 employees who are expected to sell at market prices shares they bought for as little as 30 cents each. Insiders flooding the market combined with strong demand from outside investors could lead to surprises when the stock finally debuts. Then again, that's nothing new for Google. Since it was founded in 1998 by Stanford University students Page and Brin, it has always been something of an oddball. Its design eschewed flashy ads for a simple, quick-loading layout. Its search algorithm out-powered all rivals. Its name became synonymous with Internet search. The Mountain View-based company, which makes money by selling unintrusive text advertising, managed to prosper as a private company even while other dot-coms were collapsing. Now, as the technology industry is just recovering, Google stands to prosper even more. In the second quarter of this year, for instance, Google earned $79.1 million, or 30 cents per share, compared with $32.2 million, or 12 cents per share, in the same period last year. Sales more than doubled, to $700 million in the latest period from $311 million last year. But its surprising success pales in comparison to the roller coaster ride that's taken place since Google announced in April that it planned to make its stock available to the public. The four-month saga that has included Google's unusual IPO auction to set price based on demand, folksy letters embedded in filings, a Playboy magazine interview of its founders despite a quiet period and the discovery that the company neglected to register millions of shares. The auction was designed to democratize the IPO process, which is usually limited to investors connected to investment banks. Still, many analysts questioned whether Google's projected price was affordable to average investors. Google's prospectus not only included the usual bureaucratic language and charts, but also a folksy letter from its founders. The document contained more than 20 pages of warnings, ranging from competition and potential technical problems to gaffes like the Page and Brin interview that appeared in Playboy magazine during the company's so-called quiet period. One of the more serious disclosures was the fact that Google neglected to register 23 million shares and 5.6 million options. They were issued from September 2001 through July 2004, primarily to employees and consultants. To make amends, Google is offering to buy back the shares and options for $25.9 million, including interest payments. The offer will be sent to 1,406 people, who could reject the buyback and sue the company if they feel Google's offer isn't high enough. The SEC's inquiry could lead to more penalties. Several state regulators also have asked for information on the bungled stock issues, Google said. On the Net: __________________ My Sig is For Sale Only $.00000000000000001 Per click... OBO Last edited by DIH; 08-17-2004 at 08:25 PM..

08-17-2004, 08:31 PM	#2
DIH Confirmed User Join Date: Jul 2004 Location: Cleveland Posts: 263	anyone know why they would be pushing it so early I had read this before: Of most importance I think: ---- Google IPO - Auction to Open on Friday, August 13, 2004 Pricing of IPO Expected to be Announced During the Week of August 16, 2004 August 12, 2004 Please be advised that Google and its underwriters expect to open the auction for the shares of Google's Class A common stock at 9:00 a.m. (Eastern Daylight Time) on Friday, August 13, 2004. You must already have a bidder ID if you intend to submit a bid in the auction for Google's Class A common stock. ----------------- Google IPO - Notice of request to have the registration statement declared effective August 16, 2004 Please be advised that Google and the underwriters have requested that the Securities and Exchange Commission declare the registration statement pertaining to Google's initial public offering of Class A common stock effective on Tuesday, August 17, 2004 at 4:00 p.m. (Eastern Daylight Time). Holders of bidder IDs will be sent a notice of effectiveness once the registration statement has been declared effective. To access a copy of the current prospectus, please click here. 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 in as little as ONE HOUR after the notice of effectiveness of the registration statement is sent to you. 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. A registration statement relating to Google's Class A common stock has been filed with the Securities and Exchange Commission but has not yet become effective. Google's Class A common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Google's Class A common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No offer to buy shares of Google's Class A common stock can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time until the notice of acceptance is sent after the effective date. Of the shares to be sold in Google's initial public offering of Class A common stock, 14,142,135 will be issued and sold by Google and 11,555,394 will be sold by the selling stock ------------------------ Now I thought The date was friday (of this week) not last so why would news stations be hyping it up for tomorrows opening? because Ive heard a similar report saying something about wed from two local stations, but nothing from a big source ie cnn or cnbc but then again it is after hours. I will check it out this morning around 5 and see whats up. Maybe Im getting passed bad info by our media but Im just trying to find out so I can watch the happenings Anyone have any more real info on this? __________________ My Sig is For Sale Only $.00000000000000001 Per click... OBO Last edited by DIH; 08-17-2004 at 08:34 PM..

08-17-2004, 08:32 PM	#3
AndrewKanuck Confirmed User Join Date: Jan 2004 Location: Cleveland & Atlanta Posts: 6,706	blah blah blah, they're over valued for the opening. __________________

08-17-2004, 08:43 PM	#4
NichePay_Manny Registered User Join Date: Jul 2004 Location: Los Angeles, Ca Posts: 1,833	Wow that is impressing #s.But I don't like them at all.