Google IPO Shortage of Bids |
Uh oh for Google, but perhaps good news for investors wanting to get a good deal on GOOG stock. CRM News:
It’s not even that investors aren’t bidding the proposed price of between $108 and $135, but that Google isn’t getting enough bids at all, according to the banker, who asked not to be identified.
I’ve been very skeptical of a stock price above $100, and it appears that I’m not alone.
But some investors — including more than two thirds of those who answered an unscientific online CBS MarketWatch poll — said they’re not interested in Google shares at any price.
I hope even more investors feel this way so the price will go down to what it’s really worth (which again, I don’t think is over $100/share).
Did this post make you go hmm?



