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Guido

This all sounds great but how does say, a
small capital individual investor aquire thes shares. Where is the auction to take place?
When? Any help here with specifics would be much appreciated.

Adam

Relax. I'm sure if they actually do it, they'll reveal more information in advance of it happening.

Kirkos

This prove once again thta Google is and remains the most innovative company.

That's why I wll buy their shares.

SAAD ALISSA

I would like to know the way to buy GOOGLE IPO Shares . and how much the cost/share .
saad alissa

Adam

Saad, there's been no announcements yet. I guess we'll have to wait and see. :)

Adam

How to get your five shares of Google:

  1. Have a brokerage account with one of the 28 underwriters handling the deal. RAN considers some of these banks to be especially evil and is running a campaign against "lenders that are liquidating the Earth's most valuable natural assets to post short-term profits at a long-term cost to the world. 'The Liquidators' include JP Morgan Chase (NYSE: JPM), Bank One (NYSE: ONE), Bank of America (NYSE: BAC), Fleet Boston Financial (NYSE: FBF), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), John Hancock (NYSE: JHF), Wachovia (NYSE: WB), U.S. Bancorp (NYSE: USB) and SunTrust (NYSE: STI)."
  2. Go to www.ipo.google.com and obtain a "bidder ID." You will need to give your Social Security number and the same e-mail address that is on file with your brokerage firm. Further instructions are also available on the Google IPO site.
  3. Once the auction opens, investors who want shares will place bids through their brokers. The company has set a price range of $108 to $135 but investors can bid within or outside the range, depending on the price they are willing to pay.
  4. Investors submitting bids will need to specify how many shares they want to buy and the price they are willing to pay. Google and its underwriters can reject bids if they are "manipulative or disruptive."
  5. Investors should not submit multiple bids in hopes that the better bid will be accepted -- The example Google gives is "of an investor who submits two bids, one for seven shares at $132.85 and another for eight shares at $125. If the IPO price -- taking into account bids from all investors -- is set at, say, $124.50, the investor with the two bids both above the price would be legally obligated to purchase 15 shares."
Before buying shares it is important to remember that IPOs are not generally great long-term investments. After a first-day burst in price, they tend to lag behind the market. In the three years after a public offering, the average IPO underperformed the market by 6.7% annually (not including first-day returns), according to a study of IPOs from 1980 to 2001 by Jay Ritter, a finance professor at the University of Florida.

[The article is derived from "How to Get Your Five Shares Of Google" (By CHRISTOPHER OSTER) which appeared in the Wall Street Journal on July 27, 2004]

w00t!

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