Has Google Blown Its IPO? (Continued)
This will be my last post on this subject, because Google’s IPO is now history.
They priced at $85, a fair and reasonable price even if it is 34x 2005 earnings. It’s the price, $20 billion, that many on Wall Street said the Company should go out at earlier this year.
Did they blow the IPO? I say no, but The Wall Street Journal seems to feel otherwise this morning.
I’ll link to John Battelle who quotes liberally from the article in case you don’t have a subscription to WSJ.com.
That’s it for me on this subject. On to other topics.