Google has closed bidder registration for its share auction, with the auction expected to take place later today. 25.7 million shares in the company are expected to be sold for between US$108 to US$135 (€88 to €110). This represents about 9% of Google’s capital, and if the price reaches the upper estimate will give the company a market value of some US$36 billion (€29.5 billion).
Google’s rid to IPO has not been an easy one – illegally issued shares, conflict over IP like Orkut and a under-performing market have led analysts to recommend caution to those considering investing in the company.
The unorthodox Dutch auction for shares was adopted to reflect real-world demand for the shares and allow the company to benefit more from the IPO.
Google IPO
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Fraser Lovatt
Fraser Lovatt has spent the last fifteen years working in publishing, TV and the Internet in various capacities, and believes that they will be seperate platforms for at least a while yet. His main interests at the moment are exploring where Linux is taking home entertainment and how technology is conferring technical skills on more and more people.Fraser Lovatt was born in the same year that 2001: A Space Odyssey was delighting and confusing people in the cinemas, and developed a lifelong love of technology as soon as he realised that things could be taken apart, sometimes put back together again, but mostly left in bits or made into something the original designer hadn't quite planned upon.At school he was definitely in the ZX Spectrum/Magpie/BMX camp, rather than the BBC Micro/Blue Peter/well-behaved group. This is all deeply ironic as he later went on to spend nine years working at the BBC.After a few years of working as a bookseller in Scotland, ("Back when it was actually a skilled profession" he'll tell anyone still listening), he moved to England for reasons he can't quite explain adequately to himself. After a couple of publishing jobs punctuated by sporadic bursts of travelling and photography came the aforementioned nine years at the BBC where he specialised in internet technologies and video.These days his primary interests are Java, Linux, videogames and pies - and if they're not candidates for convergence, then what is?
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