A Closer Look At Google's IPO Filing

Grok Headline matches for A Closer Look At Google's IPO Filing

Google IPO Clears Audit, Closer to
Filing

Google IPO Clears Audit, Closer to
Filing 01/28/2004 03:36 PM
web ad.vantage Jan 28 2004 8:08PM GMT

Google's IPO Filing Shows There's Money
In Search

Google's IPO Filing Shows There's Money
In Search 05/04/2004 04:59 PM
Yahoo! May 4 2004 9:42PM GMT

Google's Getting Closer

Google's Getting Closer 04/27/2004 01:16 PM
Let the madness begin over the famous search engine's potential IPO. But be forewarned.

Google's IPO Moving Closer

Google's IPO Moving Closer 08/11/2004 06:27 AM
Ctnow.com - Wed Aug 11, 08:42 am GMT

Google's Memory Upgrade - How Blogger
could do more than improve Google's Web
searches.

Google's Memory Upgrade - How Blogger
could do more than improve Google's Web
searches. 03/13/2003 10:26 AM
This excellent piece by Steven Johnson touches on some of the bigger ideas few people have been thinking about in all the Blogger/Google speculation and analysis.

Do You Need a Tax-Filing Extension?

Do You Need a Tax-Filing Extension? 04/08/2005 11:53 AM
Have you found yourself running out of time? Roy Lewis offers some suggestions on what to do next.

Do You Hate Filing?

Do You Hate Filing? 05/18/2004 02:46 PM
Ad - http://www.thepapertiger.com May 18 2004 7:46PM GMT

Online Tax-Filing

Online Tax-Filing 04/18/2005 11:23 PM
iMedia Connection Apr 19 2005 12:21AM GMT

The filing clerk

The filing clerk 12/26/2004 01:07 PM
James Melzer on the members only aifia mailing list (a good reason to sign up): "In the hayday of bureaucracy, in the period during and immediately after World War II, central filing of all documents and communications was standard practice at most US government offices and businesses. "The filing room" ...

Google changes its filing for IPO

Google changes its filing for IPO 06/22/2004 10:43 AM
San Jose Mercury News Jun 22 2004 2:16PM GMT

Thoughts On The Google IPO Filing

Thoughts On The Google IPO Filing 04/30/2004 02:05 AM
Well, ever since Google filed their S-1 this morning, all the news seems to have turned into all Google, all the time. Obviously, there are plenty of other places covering the story, but after reading through the S-1, I have a few thoughts that may not be covered elsewhere. News.com has an excel lent roundup of many of the Google IPO high points, but the S-1 itself is worth reading. The opening "owner's manual" is very straightforward in revealing how the team at Google views the IPO. In some ways, it's very reminiscent of the incredibly refreshing financi al statements from Overstock.com, which remind you just how much misleading crap is shoved into most financial filings.

The decision to go with an auction model for the IPO isn't a huge surprise (it was rumored last October ). What is interesting, however is that they don't seem to be doing it through W.R. Hambrecht, who is considered the expert in Dutch Auction IPOs. In fact, the filing hints at the fact that Google is making use of their own experiences auctioning off their advertisements in figuring out how to do this auction. That seems a little scary as (a) auctioning off ad inventory and IPO shares is quite different and (b) you always get a little worried when a company relies too heavily on their own experience in an area where they're not experts. Still, the decision to review all potential investors to make sure they know what they're investing in (possibly with a test of some sort) while banning anyone who looks as though they're trying to game the system is a very smart move, and should help Google end up with more informed investors.

The folks on Wall Street must have very mixed opinions about this whole affair. They want Google to go public more than anything in the world, but the setup of this IPO is really designed to route around their usual (questionable) methods as much as possible. Still, since no banks wanted to miss out on taking the firm public, it looks like it wasn't that hard to sign up the underwriters. There will be a few other interesting things to watch for as a result of this. Will other companies try to go public on similar terms, and will Wall Street allow it? Will they claim it's a special case, or will this "educate" pre-IPO companies that they don't have to play by the old rules. If that does happen, Morgan Stanley and CSFB could benefit by having the experience of running such an unconventional offering, while also acting as though they're willing to avoid the silly Wall Street games.

The other item that's worth noting is whether or not this structure actually works, or if the pressure really does become too much. From everything Google has done so far, I'm sure they believe that they can withstand the pressure. If anyone can, it probably is them. Reading through the S-1 you realize they put a lot of thought into how to structure this. However, the riskiest thing I see in the S-1 is the fact that this unconventional IPO is really designed to keep the power in the hands of Eric Schmidt, Larry Page and Sergey Brin. There are plenty of reasons why that's good - because they've done a fantastic job so far, and they appear to function quite well as a team. However, it makes me question the succession plan and how the company continues to manage should any of the three leave. The structure they're setting up is basically designed to work great, assuming the three of them all continue to work there. Should something happen to one of them, or should the working relationship falter, the company seems less well structured to deal with the change. Hopefully they are putting in place plans for such things, but it is still a risk. Overall, I'm impressed by the way they've put this together and I hope it works out well for them. It would be nice to see a company actually show Wall Street that the bankers are supposed to be serving the companies, and not the other way around. I hope it's the start of a trend.

Google just days away from IPO filing

Google just days away from IPO filing 04/19/2004 08:26 AM
Financial Post Apr 19 2004 12:11PM GMT

"fascinating SEC filing today"

"fascinating SEC filing today" 04/30/2004 11:54 AM

Barrymore filing for bankruptcy

Barrymore filing for bankruptcy 05/21/2004 09:55 AM
Entertainer Michael Barrymore files for bankruptcy over an Inland Revenue bill, his agent says.

IRS Launches New Web Tax Filing Service

IRS Launches New Web Tax Filing Service 01/09/2004 09:58 PM
BeSpacific Jan 8 2004 7:07PM ET

Turn your PC into a filing cabinet

Turn your PC into a filing cabinet 07/14/2004 04:47 PM
Microsoft Jul 14 2004 8:30PM GMT

Family Court goes the e-filing way

Family Court goes the e-filing way 12/14/2003 08:40 PM
Straits Times Dec 14 2003 7:06PM ET

fascinating SEC filing today

fascinating SEC filing today 04/29/2004 04:23 PM
Google's S-1 .. IPO Form .. more

sec.gov/Archives/edgar/data/1288776/000119312504073639/ds1.htm< br />track this site | 5 links

This is the year for online tax filing

This is the year for online tax filing 03/22/2005 09:15 PM
Media Life Magazine Mar 23 2005 12:04AM GMT

Google Isn't Keeping Quiet After IPO
Filing

Google Isn't Keeping Quiet After IPO
Filing 05/20/2004 08:45 AM
Search Engine Lowdown May 20 2004 1:21PM GMT

Man admits to filing his own death
certificate

Man admits to filing his own death
certificate 07/06/2004 01:45 AM
Man files own death certificate to get out of DWI charge .. Better Dead than DWI

nyjournalnews.com/newsroom/070104/b0101notdead.html
track this site | 2 links

Microsoft CFO scooted last week, filing
says

Microsoft CFO scooted last week, filing
says 04/06/2005 11:23 PM
ZDNet Apr 7 2005 2:50AM GMT

Portland Archdiocese Filing Chapter 11
(AP)

Portland Archdiocese Filing Chapter 11
(AP) 07/06/2004 11:51 AM
AP - The Portland Archdiocese said Tuesday that it will file for Chapter 11 bankruptcy, putting an automatic hold on a priest abuse lawsuit that was scheduled to begin in Portland.

* Online tax filing grows in popularity

* Online tax filing grows in popularity 06/02/2004 05:41 AM
Taipeitimes.com - Wed Jun 2, 08:09 am GMT

Google Isn't Keeping Quiet After IPO
Filing

Google Isn't Keeping Quiet After IPO
Filing 05/20/2004 07:11 PM
E-Commerce Times-1 hour ago ... new advertising product that combines images and photos with text, introduced online diary software for computer users and put a Google company Web blog on the ...

Google IPO Seen as Filing Deadline Nears

Google IPO Seen as Filing Deadline Nears 04/23/2004 08:39 PM
AP via ABCNEWS.com Apr 24 2004 0:20AM GMT

Half of U.S. taxpayers filing online

Half of U.S. taxpayers filing online 04/12/2005 11:07 PM
New study finds that the promise of quicker refunds will lure 45 percent of U.S. taxpayers to file their federal income tax returns online.

missed the filing deadline in Florida

missed the filing deadline in Florida 09/15/2004 06:09 AM
Did Bush camp err on ballot papers? .. st. petersberg times

sptimes.com/2004/09/11/Decision2004/Did_Bush_camp_err_on_.shtm l
track this site | 4 links

Nortel delays filing financials again

Nortel delays filing financials again 09/02/2004 02:06 PM
CNET News.com Sep 2 2004 5:29PM GMT

Sun Micro Revises Net Down -Filing
(Reuters)

Sun Micro Revises Net Down -Filing
(Reuters) 09/13/2004 06:42 PM
Reuters - Network computer maker Sun Microsystems Inc. revised its most recently reported quarterly results slightly lower due to the finalized legal settlement with Microsoft Corp. and property leases, filings showed on Monday.

Nortel delays filing accounts (again)

Nortel delays filing accounts (again) 09/03/2004 06:13 AM
Figuring it all out

Electronic Tax Filing Sets Record

Electronic Tax Filing Sets Record 04/12/2004 04:56 AM
Tax collectors are seeing a spike in electronically filed tax returns. Most are from home computers and many are using the free IRS software, indicating growing trust in IRS online security.

Highlights from Apple's quarterly SEC
filing

Highlights from Apple's quarterly SEC
filing 05/06/2004 11:21 PM
Apple filed its quarterly report (SEC form 10-Q) with the Securities and Exchange Commission Thursday...

IRS Uses Backup Electronic Filing System
(AP)

IRS Uses Backup Electronic Filing System
(AP) 04/20/2004 02:06 PM
AP - The Internal Revenue Service switched to a backup computer system for accepting some electronically filed tax returns just before the April 15 filing deadline.

Google not keeping quiet after IPO
filing

Google not keeping quiet after IPO
filing 05/20/2004 04:12 AM
MSNBC May 20 2004 8:21AM GMT

Furl: A web page filing cabinet

Furl: A web page filing cabinet 01/26/2004 10:20 AM
Furl is an elegant application that acts as your web filing cabinet. Store, rate and categorize web clippings with the click of a bookmarklet. Once collected, search, share or publish your links via email or RSS. (via Inter-Alia.)

1040 filing extension form (PDF)

1040 filing extension form (PDF) 04/15/2004 05:06 PM
here's the form you're looking for, you lazy bastard. you still have to pay today though.

Electronic Filing of Taxes Sets Record

Electronic Filing of Taxes Sets Record 04/09/2004 05:20 PM
AP via Daily Press Apr 9 2004 9:40PM GMT

Nortel again delays filing financial
results

Nortel again delays filing financial
results 09/02/2004 05:41 PM
Embroiled in an accounting scandal that led to the firing of its CEO, Nortel Networks said today that its financial results for 2003 and the first half of 2004 won't be out until the end of October.
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A Closer Look At Google's IPO Filing

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