Feeds

Google prices IPO, names ticker

All a GOOG

  • alert
  • submit to reddit

Intelligent flash storage arrays

Google has set the pricing for its public flotation. Trading under the stock-ticker GOOG, the company will make 24.6 million shares available for between $108 and $135 a share, of which $14m represents new equity. This represents nine per cent of the company, a stake worth $2.6bn and $3.32bn, which values the company at a minimum of $24bn and as much as $36.25bn.

The flotation is designed to cede as little control as possible to the public, with voting stock confined to Class A shares. That decision has been hailed - by friends of the company in the technology press - as a method of keeping control with the founders, but condemned as a recipe for cronyism, by the business press. The Observer advised them to start from scratch.

However, unlike dotcom era IPOs, Google is minting it in. The company announced that gross revenue for the last quarter was $700.2m, up from $656.1m in the preceding quarter. Declared revenues were up too, to $79.1m. However, the New York Times has pointed out that the profits are heavily camouflaged by stock options; and true profits are much higher. ®

Related stories

Google demotes Coca Cola jingle
Google sued by Planet Goo
Google files Coca Cola jingle with SEC

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.