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Google Has Options When Filing
WebProNews
Staff Writer
2004-04-27
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Anticipation of Google filing their IPO has hit a fever pitch. Originating from the news that Google must reveal their financial information in accordance with SEC rules, the finance world is expecting Google to file an IPO at anytime.
According to Reuters, Google does not have to make their stocks available for buyers when it does report to the SEC - they have two options.
First, they can actually file a Form S-1 which "gives an initial value of the IPO or secondary offering and type of security being issued, such as common stock. The number of shares, expected price per share, and total value usually come in later amendments to the filing."
If Google chooses this option, the company would be allowing its stock to be traded on the open market.
The second option is filing a Form 10-12G. This type of filing only requires companies to divulge financial information, "but is not used to offer securities for sale."
If it chooses this option, Google's financial information would be available, but not their stock.
Unfortunately, it's not known which way Google is leaning at this time. As of now, only one thing is certain, Google must release its financial information to the SEC. Which method Google chooses is anyone's guess.
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