From Tom Taulli of CNET :
The IPO lexicon has a myriad of colorful words, such as "green shoe," "blue sky," "flipping" and "red herring." There is a new word we can add: GOOG-plosion. Definition: IPO disaster.
A bit of exaggeration here ?
First of all, it is absolutely insane to conduct a mega IPO after mid-August. Would it be smart to sell ice cream in January? Not if you are in Massachusetts.
Google have (almost) always launch new; products, services and update in the weekends or holiday. The better one was Gmail the first of April. It was finally a genius move!
From Dawn Kawamoto of CNET
The SEC could impose a "cooling off" period that would delay the IPO, currently expected to happen next week, or it could impose a much more expensive requirement that Google buy back shares.
Sorry boys !
Update 21h05: The best story (in my mind) by the IHT on this IPO since 3 weeks.