Google unfortunately got punished by the financial cartel for doing that. Remember the IPO price was initially at $120-$130. And then during the quiet period, where a company can't defend itself, Wall Street commenced its hazing ritual. People don't remember this now, because Google is seen as successful, but there was all sorts of negative press doubting its business model and saying it was overhyped, and so forth.
Google was then forced to lower the IPO price to $80 or so. It's hard to say for sure, but that probably wasn't a fair price, as the shares were trading for more than double within 6 months.
Although they were also trading for 4-5x not too shortly after that, since the company was in a spectacular growth phase at that time, so it is hard to say.
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Google unfortunately got punished by the financial cartel for doing that. Remember the IPO price was initially at $120-$130. And then during the quiet period, where a company can't defend itself, Wall Street commenced its hazing ritual. People don't remember this now, because Google is seen as successful, but there was all sorts of negative press doubting its business model and saying it was overhyped, and so forth.
Google was then forced to lower the IPO price to $80 or so. It's hard to say for sure, but that probably wasn't a fair price, as the shares were trading for more than double within 6 months.
Although they were also trading for 4-5x not too shortly after that, since the company was in a spectacular growth phase at that time, so it is hard to say.