Google’s IPO Filing

In case folks haven’t had enough of Google already, the company has filed its S-1. The most interesting part is not the revenues (nearly a billion), profits (over $100-million), or number of employees (almost 2,000), however.

No, the most interesting part of the offering is the proposed dual-class share structure. Through dint of such structure Mssrs Page & Brin get to take the company public, become billionaires, and still run the company as their own laboratory for search techologies. That ought to give investors some pause for thought — which is precisely what the Google braintrust undoubtedly wanted.

Anyway, the filing is here, but it has been [PK: It’s now fine] fairly effectively Slashdot/WSJ/FT/Whole World gob-smacked with traffic. Just to give you a taste, here is the opening paragraph of an unusual letter to would-be shareholders contained therein:

Google is not a conventional company. We do not intend to become one. Throughout Google’s evolution as a privately held company, we have managed Google differently. We have also emphasized an atmosphere of creativity and challenge, which has helped us provide unbiased, accurate and free access to information for those who rely on us around the world.