Google IPO… Not Just Yet
from the hang-in-there-kids dept
All day long today, news publications have been running stories about how Google was going to go public tonight, following the close of the market. There’s just one problem: the press isn’t the SEC. The SEC has to approve the filing and they didn’t approve it yet, delaying the IPO at least a day (and possibly more). The SEC didn’t give a reason, so it could be anything from concern over the Playboy interview or the distribution of unregistered options all the way to them simply wanting a little more time to read through the documentation. Or, maybe, they just like making a bunch of would-be billionaires and millionaires wait a few days.