Reading Too Much Into Google Repricing

People are reading waaaaay too much into the Google repricing. Folks, this was the first time an IPO of any consequence has been priced using a Dutch auction. Google (and the i-banking community) is feeling its way along, so it was inevitable there would be a) process hiccups, and b) price changes along the way.

If anything, this lower price makes my first-day bounce forecast of a double-digit percentage change even more likely. Does it make Google any better a stock to own long-term though? Of course not.

Related posts:

  1. Bidding Under the Google Price Range
  2. Contrarianism on the Google IPO
  3. National Post Column on Playboy & Google
  4. How Google Ruined its IPO
  5. Luke Hutterman discovers that Google