Question

On August​ 19, 2004 Google IPO offered​ 19,605,052 shares at a price of U.S.​ $85 per​...

On August​ 19, 2004 Google IPO offered​ 19,605,052 shares at a price of U.S.​ $85 per​ share, which were sold in an online auction in a bid to make the shares more widely available. Which of the following statements best describes why these are considered a primary market​ transaction?

A.

The shares were the first to be privately issued by Google.

B.

The transaction was between the corporation and investors.

C.

Google was at the time a recently founded company seeking capital with which to expand.

D.

Shares of Google from this time onward could be traded between investors on a stock exchange.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Please provide rating...

Correct answer is option B. The transaction was between the corporation and the investors

under primary market share are first time issued to investor and company went public that is why its called primary market .

Add a comment
Know the answer?
Add Answer to:
On August​ 19, 2004 Google IPO offered​ 19,605,052 shares at a price of U.S.​ $85 per​...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • On August 19, 2004, Google completed its IPO of 19.2 million shares to the initial investors...

    On August 19, 2004, Google completed its IPO of 19.2 million shares to the initial investors at $82.00 per share. The closing price of the stock that same day was $101.00. What was the dollar value of the underpricing associated with the Google IPO?

  • Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's...

    Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10 million shares sold, 4 million shares were primary shares sold by the company, and the remaining 6 million shares were being sold by the venture capital investors. The costs of the issue, comprising of administrative fees of $50,000, and an underwriter spread of 4% of the gross proceeds, are shared proportionately between the primary and...

  • Question - What's next for Google? Is the company right to put so much focus on...

    Question - What's next for Google? Is the company right to put so much focus on Mobile? GOOGLE In 1998, two Stanford University PhD students, Larry Page and Sergey Brin, founded a search engine company and named it Google. The name plays on the number googol-1 followed by 100 zeroes—and refers to the massive quantity of data available online that the company helps users find. Google's corporate mission is "To organize the world's information and make it universally accessible and...

  • Monsanto’s Roundup® Written August 2001, Revised July 14, 2003 When Pharmacia merged with troubled Monsanto in...

    Monsanto’s Roundup® Written August 2001, Revised July 14, 2003 When Pharmacia merged with troubled Monsanto in 1999, investors complained that Monsanto would weigh down Pharmacia’s profits. Pharmacia apparently felt the same way, keeping Monsanto’s drug unit, Searle, but selling 15% of the remaining company as a precursor to dumping it altogether. Investors couldn’t have been more wrong. Between Monsanto’s IPO in October 2000 and August 2001, its share price jumped 80%. Shares of Pharmacia (which still owns 85 percent of...

  • Kindly answer Question 1-4 with well structured paragraphs. Alibaba-China's Ecommerce Giant: Challenging Amazon? TODAY, ALIBABA GROUP...

    Kindly answer Question 1-4 with well structured paragraphs. Alibaba-China's Ecommerce Giant: Challenging Amazon? TODAY, ALIBABA GROUP is the largest Chinese ecommerce company. In the original Arabic tale of Ali Baba and the Forty Thieves, Ali Baha, the poor woodcutter, opened the cave with hidden treasure by calling out the magic words "Open Sesame." Alibaba's founder selected the name to open up opportunities for small Chinese manufacturers to sell their goods around the world, with the hope of finding treasures for...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT