The IT success story had been watched the world over. Google created ripples earlier this year by launching the gmail service that redefined the standards for free email services.(That reminds me my two invites are still open). The company has now filed $2.7 billion IPO. The IPO is being handled by Morgan Stanley and Credit Suisse First Boston but, what is interesting is Merrill Lymch pulled out of the IPO citing poor profit potential. This unofficial site discusses the IPO. Analysts advise investors to buy it and then sell ASAP considering the possibility of hyped valuations.
On the Indian scene after last two years of dilly dallying, TCS is finally coming to the market. The company has already submitted its red herring prospectus to SEBI. Last heard it was supposed to be priced around Rs 800/share. Unofficial word says the company plans to launch its IPO on July 29, which coincides with be centenary celebrations of the group.
No comments:
Post a Comment