The Google Ipo
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The Google IPO
Pre-IPO
Initiated from their dorm rooms at Stanford University while they were the Doctoral students major in computer science, Larry
In October 2003, Microsoft was seeking possible partnership or merger with Google. The deal fell through. To make sure they have the absolute voting power and ownership, Larry
Process of IPO
Google filed an S-1 form with the Securities and Exchange Commission for the IPO on April 29, 2004. The detailed documents showed that Google has been profitable since 2001 and with its solid performance in 2003.
Google founders knew very well that the demand of Googles share would be extremely high. Therefore, in a letter as a part of the filing to the Commission, Brin and
On April 30, 2004, Google named Morgan Stanley and Credit Suisse First Boston to be the lead underwriters.
On the debut day, Google raised 1.67 billion selling 19.6 million of shares. The stock traded between $95 and $104.06. Google was daring yet cautious with each move. Its opening price was $85, which was below its expected trading price so that it could build up a base to climb. While Wall Street kept Google under its scrutiny for