Google launches site to register IPO bidders

In a sign that Google is moving closer to launching its much-anticipated initial public offering (IPO), the search giant opened a Web site on Friday where investors can register to bid for the company's shares.

Investors interested in getting a piece of what is being considered the hottest Internet property since the burst of the dot-com bubble can visit the site at www.ipo.google.com.

The launch of the site comes as the Mountain View, California, company closes in on launching its unusual IPO, which is being done by auction in an effort to make the process more accessible for the average buyer. Google is preparing to list its shares on the Nasdaq stock exchange under the ticker symbol "GOOG," and last week set an IPO target price of between US$108 and US$135 a share, which would value the company at as high as US$36 billion.

Only "U.S. persons" -- defined as U.S. residents, trusts, corporations or partnerships, among other technical, legal definitions -- are allowed to register for a bidder ID through the site. After entering zip code and state information, potential investors are instructed to access the company's prospectus and request a bidder ID. Bids can only be submitted through one of Google's underwriters.

Despite all the ballyhoo surrounding the IPO, Google appears to be taking a more measured approach on the site, warning that its Class A common stock may not be an appropriate investment for everyone. The company reiterates statements made in its prospectus that "an investment in Google involves a high degree of risk."

That warning may do little do dampen investors' excitement as the eagerly-awaited event approaches, however. When that will be was not immediately clear on Monday. A Google representative in London declined to comment on the matter, saying that the company is in a quiet period leading up to the IPO.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Scarlet Pruitt

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?