The auction for bidding on shares of Google begins today, Friday the 13th interestingly enough, and the announcement of share price is expected next week. However, the lastest glitch in the IPO comes in the form of a Playboy magazine interview with Page and Brin. The Playboy issue hits the stands today, and the SEC might have a problem with the interview being published during the traditional IPO quiet period. The SEC could decide to postpose the IPO and impose a cooling off period. This is just the latest in a string of mishaps that Google has faced during the pre-IPO launch, and only confirms what I have thought for a long time. Google has a management and organizational problem. These kinds of silly errors should never take place. Surely, a company with the assets and brainpower that Google has, someone should have prevented such a mistake from taking place. Perhaps stockholders are exactly what this company needs. Stockholders would have a vested interest in making sure such things do not happen. We can only wait and see how this all plays out.
Google IPO Auction begins today…but will it last?
