History of Google in the stock market
Google is one of the biggest company on the world. Let we start from the basic : What is the stock ticker symbol for google ? Google stock ticker symbol is GOOGL.
The internet search engine Google had its Initial Public Offering (abbreviated as IPO) more than 15 years ago on August 19, 2004. At the time of the IPO, a share of google was available for purchase for $85. At present the price of these google shares, with symbol GOOGL, company Alphabet is more than $1300, resulting in a profit of more than 1000% for the initial investors in the stock
The history of Google in the stock market
For stock market investors, the google stock market history is as follows
– Google had its IPO on August 19,2004, and 19,605,052 shares were sold in the IPO.
– Later a two-for-one share split was announced to create a new categories of shares without non-voting rights
– On second October 2015, Alphabet Inc, the umbrella company of Google was started, to include different side projects which are not directly part of Google
– Investors can invest in GOOGL shares using the top online brokers recommended for stock traders with limited experience
When did Google begin listing in the stock market
Alphabet Inc was earlier known as Google. The company initially sold 19,605,052 shares on August 19,2004 as part of its IPO. A year later Google sold an additional 14,25,265 shares on August 18,2005. In June 2005, the valuation of Google was approximately $52 billion. After the second lot of Google shares were sold on August 18,2005, the cash reserves of Google doubled to $7 billion. In 2017, the net sales of Alphabet was over $90 billion, its profit $19.4 billion. This was significantly higher than the sales of $968.1 million and net income of $105.6 million in the year 2003.
When will google shares split ?
History of stock split by Google
Just before Facebook announced its IPO in 2014, Google announced its stock split which led to some controversy. The company announced the stock split since it wanted to create a new category of non-voting shares. In this two-for-one stock split, the Google shareholders received one more additional share without any voting rights for every share of the Google stock which they owned. Experts claim that the stock split was announced mainly because of the IPO of Facebook, another large internet company. Experts claim that Google used the stock split to inform investors that they continue to be the leading tech stock in the world.
History :
GOOGL 3 April 2014 had split ratio 1998/1000 and price before split was $1135.10 ; price after split was $567.55.
GOOG 27 April 2015 and split ratio was 2.7455/ 1000.
Larry Page has voting power 26.1% ; Sergey Brin has 25.2% voting power.
Alphabet stock
The founder of google Larry Page, claimed that the new products being developed are likely to be used extensively. Hence they would generate new sources of revenues for Google and its partners, just like search is the major source of income for Google at present. Larry Page has big dreams for google, hence he converted Google into a larger company Alphabet Inc. The detailed note from Larry Page describes how Google has grown as a company. He also described how Google would begin a new phase in its history, become a company which is controlled by a holding company Alphabet.
The formation of the parent company Alphabet was fairly simple. Google had a large number of side projects like driver-less cars, contact lenses for sensing glucose levels, anti-ageing , longevity products, which were hundreds in number. As part of the restructuring of Google announced in October 2015, all these projects were split into separate companies which are different from Google. Alphabet is now the parent company for all these different smaller companies. Though there is a lot of information on these smaller companies online, a simple way is to list the names of the companies
A list of the business units of Alphabet is provided below
Calico : This unit specializes in biotech related research, development. It is involved in studying the lifespan of humans, and also developing anti-aging products
GV : Google ventures, the venture capital unit of Google
CapitalG : This is a growth equity fund which invests in companies worldwide. CapitalG focuses on companies which use technology uniquely and are planning futuristic products and services.
Verily: Is the research unit of Alphabet, mainly focusing on life science related studies
Waymo: is an independent automotive development company specializing in self-driving cars
Nest Labs: A company focusing on home automation
X: A research & development company which tries to find solutions to most difficult problems in the IT, computer science and associated fields
Sidewalk labs: A company which focuses on designing and building innovations for urban areas, to help the large cities overcome their many problems
Fiber : Provides high speed internet over a broadband connection
Google : the main internet company, google continues to exist, though some of features/options like Google+ have been closed since they were not very popular online . At present google includes search, ads, Android, apps, maps and YouTube
Should an investor purchase GOOGL stock
After reading the history, many stock investors would like to find out whether it is worth investing in Alphabet at present. Some investors are hoping that Alphabet will offer a stock split, since the stock prices will fall after the split is announced. This will make the shares more affordable for the investors, especially those with a limited budget. However most stock market experts who are monitoring Alphabet closely, claim that it is extremely unlikely that the company will announce any kind of stock split for many years.
In 2017, the Alphabet stock price rose to their highest levels ever. In the previous year, the share prices increased by over thirty percent. Hence Alphabet shares are expensive. With shares priced at more than $1000 each , it is difficult for a majority of the small investors to even think of purchasing a few shares of GOOGL. Alphabet remains a highly diversified company, investing in a large variety of futuristic technologies which include broadband cable, driver-less cars and research in the life sciences. Hence the company has a large number of opportunities available to it. The company has a leadership team which dreams big and has massive plans for growth. All this makes Google one of the best stocks for investors in the stock market. However the investors should be able to afford the high GOOGL prices.
