Google IPO

It probably would have been hard to miss, but just in case here are the details for Google’s planned IPO.

At these prices, Google is the type of company I get nervous about investing in:

Assuming Google just duplicates its first-half performance, the company would have net income of $286 million on revenues of $2.7 billion. That would give the company a price-to-earnings ratio of 114 and a price-to-sales ratio of 12. Yahoo, by comparison, trades at a P/E of 110 and a P/S of 15. The S&P 500 trades at 22 times earnings and three times sales, according to Reuters data.

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