Thursday, April 29, 2004

Get your Google while it's hot!

Surprising absolutely no one, Google today filed to offer stock to the public in an Initial Public Offering (IPO). The really fascinating part, though, is how the stock price will be arrived at - an auction. Anyone who wants to may file to bid on the stock (outrageous or manipulative bids will be rejected). This form of "dutch auction" guarantees both top price for current Google stockholders as well as a fair chance for any who want to acquire the stock.

I've always been a big fan of the Mountain View search-engine (and so much more) company, and this latest move shows why. Everybody who should win, wins.

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