August 5, 2004

Google is delaying its IPO by a week because of logistical problems related to institutional investors registering to bid on the shares, according to a person familiar with the matter.

The delay isn't being caused by a technological problem or a lack of bidders, the person stressed. Rather, the process of registering bidders for the auction-style IPO is taking longer than anticipated, the person said.

Part of the problem, the person said, was that Google's IPO, which is being led by Morgan Stanley and Credit Suisse Group's Credit Suisse First Boston, is being run through an auction format that had never been tried before. "It's all new," the person said. "We just hit a speedbump."

News of the possible delay was first reported by CNBC.

Officially, Google had never set a date for the deal, though people familiar with the matter had pegged the date for next week.

What's more, Google had said it would be about a week from the time it activated the Web site on which investors can register until they priced. That site was activated last Friday.

Interesting that this is a one source story.

Source: BattleMedia.com

Read Serge Thibodeau's daily blogs on search engines at Serge Thibodeau Live. We strongly suggest you bookmark our web site by clicking here.

Get your business or company listed in the Global Business Listing directory and increase your business. It takes less then 24 hours to get a premium listing in the most powerful business search engine there is. Click here to find out all about it.

Rank for $ales strongly recommends the use of WordTracker to effectively identify all your right industry keywords. Accurate identification of the right keywords and key phrases used in your industry is the first basic step in any serious search engine optimization program. Click here to start your keyword and key phrase research.

You can link to the Rank for Sales web site as much as you like. Read our section on how your company can participate in our reciprocal link exchange program and increase your rankings in all the major search engines such as Google, AltaVista, Yahoo and all the others.