Monday, August 23

Google IPO analysis

I'm a financial hack, but I agree with the opinion quoted and linked by kottke. One part:

Wall Street can spin this however it wants. But Google went public without underwriting from a major investment bank, without handing out favours to well-connected executives and without dictating a price in the manner of Soviet central planners. Because it did, it now has hundreds of millions of dollars that it would not otherwise have had. By any standard, this was one IPO that worked.


This makes me the tertiary source, right?

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