Initial Public Offerings

Paper Summary:

The paper explains that a company offering initial public offerings is offering its shares to the public and enabling the stock to be traded on a stock exchange. The paper discusses how a company will do this in order to raise money and its profile. The paper lists the advantages and disadvantages of IPOs and examines one of the most noteworthy IPOs: Google's offering in 2004.

Outline:
Advantages
Disadvantages

From the Paper:

"By far, one of the most noteworthy IPOs is Google's offering in 2004. As reported in IPOGoogle.com. (2004):
"Google had filed their IPO July 26th, 2004. Seeking $2.7B, Morgan Stanley and Credit Suisse First Boston. They auctioned their shares. Google earned $105.6 million on revenue of $961.8 million in the 2003 fiscal year. In the first quarter of 2004, Google earned $25.8 million on revenue of $178.9 million. Clarifying some of the details behind its highly anticipated stock offering, Internet search leader Google Inc. on estimated its market value to be as high as $36 billion, rivaling other corporate stalwarts such as McDonald's Corporation and Sony Corporation.""

Sample of Sources Used:

• CBC News Online. (2006, March 21). The risky art of going public. Retrieved June 10, 2006 from the CBC News Indepth Website: http://www.cbc.ca/news/background/ipo/
• Editors of Entrepreneur Magazine. (2005, December 01). "Going public. Ready for the whirlwind ride?" Money and Finance. Retrieved June 10, 2006 from the Entrepreneur.com Website: http://www.entrepreneur.com/article/0,4621,300892,00.html
• Editors of IPOGoogle.com. (2004). Initial public offering by Google, Inc. the Google IPO, general Google information and related Google discussions. Retrieved June 10, 2006 from the IPOGoogle.com Website: http://www.ipogoogle.org
• Landefeld, Stewart M., Moore, A.B. & Fischer, J.M. (2006). The public company: a corporate governance and disclosure guide for directors and executives (3rd ed.). New York, New York: Bowne & Co., Inc.
• Schulteis, Patrick J., et al. (2004). The initial public offering: a guidebook for executives and board of directors (2nd ed.). New York, New York: Bowne & Co., Inc.

More papers on Initial Public Offerings:

• Term Paper # 135761 : "Initial Public Offerings"
• Dissertation or Thesis # 105939 : "Under-pricing of Initial Public Offering (IPO) in Hong Kong"
• Term Paper # 124317 : "Initial Public Offerings"

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