SEC Might Want To Cool Off After Reading About Google In Playboy
from the yes,-they-read-it-for-the-articles dept
Poor Google. They've made such an effort to remain ridiculously quiet during the "quiet period" to avoid any IPO delays, but now it's looking like the thought of being in the same pages as naked women may have gotten to them. The latest issue of Playboy apparently has an interview with Google's co-founders that some believe may make the SEC impose a "cooling off" period (I won't even go there...) before they'll allow the IPO to proceed. This is, of course, the same thing that happened to Salesforce.com, that had a huge NY Times interview with its founder come out days before the expected IPO. The SEC made them push that IPO off a month. Considering the weak state of the IPO market these days, this might not actually be a bad thing, though I'm sure Google was hoping to get the process over with as quickly as possible, to get rid of all this negative press and detailed attention surrounding the IPO. Of course, it does make you wonder... what happens to the auction process? Since the bidding is set to close any minute now, if the IPO gets put off a month, will they let people change their bids? Over the next month, plenty could happen that might make people change how they feel about Google and what they might be willing to pay. Update: Looks like the SEC cooled off pretty quickly, and the IPO is set to go off tomorrow.