[FoRK] NYTimes.com Article: Google's Sale of Its Shares Will Defy
Adam L Beberg
beberg at mithral.com
Fri Apr 30 18:19:40 PDT 2004
On Apr 30, 2004, at 1:41 PM, khare at alumni.caltech.edu wrote:
> Virtually everything about Google's decision to go public
> is a departure from standard practice.
The important thing to understand here is not that there is any thing
new here. Auctions, class-A shares, and friends are all very old news.
The thing about Google is that this is the first IPO in ages where the
1. Still have the slightest control after raising money from VCs.
2. Have enough public demand for the shares to be able to tell wall
street to F' off and demand that the money raised in the IPO goes to
the company and the company insiders, not 50%+ to the bankers and rich
clients like usual.
Given that, it's exactly the process every company would _LIKE_ to IPO.
Still, it is fun to watch :)
- Adam L. Beberg - beberg at mithral.com
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