Re:Useless (Score 1)

I don't understand WHY Google IPO'ed. It's not exactly they needed the money.

Google has investors who want to cash out. Venture capitalists tend not to be the most patient people in the world, and they need to realize gains every once in a while to keep their partners happy. That's a strong motivation for IPO.

According to the prospectus, about 25% of the IPO shares came from "selling stockholders" - people and institutions who invested in Google and employees, primarily. The $451 million from the sale of those shares go to the owners, not Google. Google gets the $1.1 billion from the sale of the other 75% of the shares in the IPO.

Neutron