久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>World
         
 

Google could make market debut wednesday
(Agencies)
Updated: 2004-08-17 08:58

Google Inc. appeared set to start trading on the Nasdaq on Wednesday, after the Web's No. 1 search engine asked regulators for final approval to price its closely watched initial public offering.

Attention immediately shifted to the likely price of the shares in Google's unconventional multi-billion dollar IPO, which is being priced through an auction. Google is selling 25.7 million shares to the public in an auction that began last Friday, and is expecting its shares to price at $108 to $135 each.

The Web search company said on Monday it has asked the U.S. Securities and Exchange Commission to declare its registration statement effective on Tuesday at 4 p.m. EDT.


Former SEC lawyers familiar with the IPO process said that most companies usually price their shares within an hour of having their registration statement declared effective, which allows them to sell shares to the public. If Google prices soon after, the shares would most likely start to trade in the next market session on Wednesday.


Google Inc. appeared set to start trading on Nasdaq on August 18, 2004, after the Web's No. 1 search engine asked regulators on Monday for final approval to price its closely watched initial public offering. The Web search company said it has asked the U.S. Securities and Exchange Commission to declare its registration statement effective on Tuesday at 4 p.m. EDT. Co-founders Larry Page (L) and Sergey Brin are shown in an undated photo. [Reuters]
"It looks like they're all set to go," said Bryan Brown, a partner at Porter & Hedges in Houston and a former SEC attorney.

Google has said in regulatory filings and again on its Web site on Monday that it could accept successful bids for its IPO as little as one hour after it notifies bidders that the IPO document has been become effective.

"This means they're done, and I would guess this means that they're within their range," said Gregg Berman, partner at Fulbright & Jaworski LLP.

An SEC spokesman and a spokesman for Google declined to comment.

AT WHAT PRICE?

Deal watchers continued to speculate on where Google's pricing would land, given the recent downturn in Internet stocks and a flood of negative sentiment surrounding Google over the past two weeks.

"People didn't expect it to happen this early. Somehow demand has come in from somewhere the Street didn't expect, or they're going to do it at a lower price just to get it done," said Francis Gaskins, president of IPODesktop in Los Angeles.

A different interpretation was offered by Connor Browne, associate portfolio manager for the Thornburg Core Growth Fund, which invests $80 million.

"Because of what tech stocks have been doing recently, it is possible that the price will be at the low end of the range," Browne said.

"There is a lot of uncertainty and lots of negative sentiment. Management has made a number of missteps ranging from the lack of guidance to the interview that may have violated U.S. securities rules that came out just as the bidding began."

Nearly a dozen investors and analysts who are disclosing their pricing expectations are predicting that Google's shares will be priced between $70 and $115 per share.

A steady stream of negative publicity, most recently triggered by an interview in Playboy magazine with Google's founders that may have violated securities laws, has also added to worries over investing in Google.

"A lot of people have also been turned off by the Dutch auction process and they are likely going to sit on the sidelines to see how this all ends up," said portfolio manager Browne.

In late July, Google issued financial results for the quarter ended in June showing that quarterly revenue growth had slowed to 7 percent, a sharp contrast to the double-digit gains in all previous quarters since 2002.

Later, the company disclosed that it may have issued more than 23 million shares and 5.6 million stock options illegally, triggering an investigation by California regulators.

Google disclosed in an additional filing that the SEC and other states were also looking into its offer to buy back the illegally issued shares. Google said it expects those shares and stock option owners to forgo the buyback offer and instead have them converted to registered shares at the IPO.



 
  Today's Top News     Top World News
 

Expert: 37 golds for US and 27 for China at Athens

 

   
 

China grabs 5 more golds, tops medal tally

 

   
 

US announces plan for troop realignment

 

   
 

China tests new guided missile - CNS report

 

   
 

Deng steers China with exploring spirit

 

   
 

GM to begin making Cadillacs in China

 

   
  US announces plan for troop realignment
   
  Sharon approves 1,000 settlement homes in W.Bank
   
  Chavez survives recall, vows to deepen revolution
   
  Google could make market debut wednesday
   
  Hurricane survivors wait in line for aid
   
  US killer suspect to lover: You've nothing to fear
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Google may have issued shares illegally
   
Google IPO sets stage for Web search war
   
Google to go public in $2.7 bln offering
  News Talk  
  American "democracy" under the microscope...  
Advertisement
         
主站蜘蛛池模板: 一区二区三区视频在线观看 | 国产a一级毛片含羞草传媒 国产a自拍 | 96精品视频在线播放免费观看 | 欧美成人性色大片在线观看 | 欧美在线乱妇一级毛片 | 在线免费视频国产 | 国产三级视频网站 | 男女猛烈无遮掩免费视频 | 男人的天堂在线观看视频不卡 | 一区二区三区在线观看免费 | 欧美成人在线网站 | 欧美成人在线视频 | 俄罗斯美女在线观看一区 | 亚洲国产毛片aaaaa无费看 | 黑人边吃奶边扎下面激情视频 | 亚洲国产日韩女人aaaaaa毛片在线 | 色青青草原桃花久久综合 | 亚洲黄色在线视频 | 成年视频国产免费观看 | 香蕉依依精品视频在线播放 | 亚洲国产精品综合久久20 | 一级一级毛片免费播放 | 欧美在线观看一区二区 | 国产成人精品亚洲一区 | 日本在线视频不卡 | 一级特黄国产高清毛片97看片 | 精品亚洲成a人在线观看 | 精品三级国产一区二区三区四区 | 欧美性高清视频免费看www | 美女被靠视频免费网站不需要会员 | 在线亚洲欧美日韩 | 色一级片 | 国产成人看片免费视频观看 | 成人区在线观看免费视频 | 韩国午夜三级理论 | 欧美日本一区视频免费 | 亚洲区一区 | 久久2| 一级片免费网址 | 久久视频免费观看 | 久久久夜间小视频 |