Google’s IPO 20 Years Later 8/19/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 19 August 2024
⏱️ 7 minutes
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| 0:00.0 | Google's landmark public debut going from, oh, just a measly $23 billion |
| 0:05.0 | search engine to a $2 trillion cloud chip and AI mega cap. |
| 0:10.8 | Our dear D'Jibosa had a rare interview with one of the lead |
| 0:13.8 | investment bankers behind the listing a true legend in Silicon Valley who |
| 0:18.4 | never speaks to the media for today's tech chat. |
| 0:23.0 | Can't wait to hear what he said. |
| 0:24.5 | You get it, Leslie. |
| 0:25.6 | That's right. |
| 0:26.1 | He very, very rarely speaks to the media. |
| 0:28.6 | And it was so fun to go back along memory lane. |
| 0:31.1 | That was Morgan Stanley's Michael Grimes. He's also known as Wall Street |
| 0:34.4 | Silicon Valley Whisper. He has been behind some of the biggest tech IPOs over the last two decades |
| 0:39.7 | including Googles which he called Mement. And we're going to show you some footage |
| 0:43.5 | from that day 20 years ago. |
| 0:44.8 | Here he is at that opening bell at the Nasdak. |
| 0:47.2 | He's in the back row in the middle, |
| 0:49.4 | and in front of him, co-founder Sergei Bryn, Larry Page, and CEO Eric Schmidt. He tells me that the |
| 0:55.3 | IPO was the start of the next era that Google and the other megacaps that |
| 0:59.8 | followed that really changed the way we work, live, and play in bigger ways than they could have imagined at the time. |
| 1:06.0 | He also reflected on the unorthodox way that Google actually went public. |
| 1:10.0 | That was through a Dutch auction that allows a broader range of investors to participate |
| 1:15.1 | like retail investors and employees versus the traditional institutional buyers in a typical |
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