4 ms·
Are all Google's share's on the market? I think the IPO was only for a part of the company, right?
by braindead_in 15y ago
Are all Google's share's on the market? I think the IPO was only for a part of the company, right?
- dspeyer 15y agoIndeed. Most of the stock is held by the founders and not currently for sale.
- losvedir 15y agoIn addition, the type of shares on the market have less voting power than what Larry, Sergey, and Eric have. From their most recent yearly report (10-K)[1]: "Our Class B common stock has 10 votes per share and our Class A common stock has one vote per share. As of January 31, 2011, Larry, Sergey, and Eric owned approximately 91% of our outstanding Class B common stock, representing approximately 67% of the voting power of our outstanding capital stock. Larry, Sergey, and Eric therefore have significant influence over management and affairs and over all matters requiring stockholder approval, including the election of directors and significant corporate transactions, such as a merger or other sale of our company or our assets, for the foreseeable future." So while this "Google Eats Itself" thing may accumulate a fair amount of Google shares and be worth a lot, it won't really give them any power over the company. [1] http://www.sec.gov/Archives/edgar/data/1288776/000119312511032930/d10k.htm http://www.sec.gov/Archives/edgar/data/1288776/0001193125110...