History of Google in the stock market
Google is one of the biggest companies in the world. Let us 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 17 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 the symbol GOOGL, company Alphabet is more than $1734, resulting in more than 1000% for the stock’s initial investors.
The history of Google in the stock market
Google stock history was:
- 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 category of shares without non-voting rights.
- On the 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 were 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 the stock split by Google
Just before Facebook announced its IPO in 2014, Google announced its stock split, which led to 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 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 world’s leading tech stock.
Google split history:
| Date of split | Split ratio |
|---|---|
| GOOGL 3 April 2014 | 1998/1000 |
| GOOG 27 April 2015 | 2.7455/ 1000 |
Larry Page has voting power of 26.1%; Sergey Brin has 25.2% voting power.
Will Google Stock Split in 2021?
Based on the latest Google news in 2021, Google stock is unlikely to split because investors do not need an increase in asset liquidity.
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 revenue sources for Google and its partners, just like search is the major income source for Google. 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 and become a company controlled by Alphabet.
The formation of the parent company Alphabet was fairly simple. Google had many side projects like driver-less cars, contact lenses for sensing glucose levels, anti-aging, 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 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 their names.
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 that invests in companies worldwide. CapitalG focuses on companies that use technology uniquely and are planning futuristic products and services.
Verily: This 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 that tries to find solutions to the most difficult problems in the IT, computer science, and associated fields
Sidewalk Labs: A company that focuses on designing and building innovations for urban areas to help 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 the 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 determine whether it is worth investing in Alphabet at present. Some investors hope 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 investors, especially those with a limited budget. However, most stock market experts who monitor Alphabet closely claim that it is doubtful that the company will announce any stock split for many years.
In 2017, the Alphabet stock price rose to its 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 most small investors to even think of purchasing a few shares of GOOGL. Alphabet remains a highly diversified company, investing in many futuristic technologies, including 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 that dreams big and has massive plans for growth. All this makes Google one of the best stocks for investors in the stock market. However, investors should be able to afford high GOOGL prices.
