“Joe Blow” Might Be Able to Get a Piece of Google
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Being the constant innovators that they are, it sounds like Larry and Sergey may allow “anyone” to buy Google IPO stock. Normally, the way stocks are sold, you really have to be on the “inside” to get a piece of an initial public offering. While I admit to being somewhat ignorant on the subject, it sounds like Google will be opening share availability to a wider audience.
The below article also talks about some of the reasons G is choosing to go public now. The main reason is that they would be forced to disclose their financial information now due to “The Periodic Reporting Act of 1934 requires any private company with 500 shareholders and $10 million in assets to register its securities with the SEC.”
Boy, I wish I wouldn’t have bought and kept my stock in pets.com…I’d be all over this. Who knew a sock puppet wasn’t a good business model? Once again Google gets the “cool award” in my book.
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