Well, Google has filed with the SEC for IPO status. Google says it plans to raise $2.7 billion from the sale of its stock. They will be offering the stock in an online auction, which is a brand new way of doing things. Google claims the method will make the stock available to more people.
Google’s net income is actually higher than Amazon’s (Amazon sees more revenue but has a lot more costs).
So how do I feel about this? Well, I do like the fact that Google’s numbers are available to the people but I also see that as a bad thing. Google has to release their advertising numbers and the numbers from their AdWords and AdSense programs, which will give the competition an insight into what to charge.
I do know for a fact that the average “Joe” will not be able to afford this stock for a while. I am expecting the price to rise immediately and not taper off for a couple of years. It will be a hot buy for a while.