Google Files to Go Public

Well the hotly anticipated Google IPO has gotten underway. The company filed to go public today with the U.S. Securities and Exchange Commission, in hopes of raising $2.7 billion dollars in an unusual auction-style offering. What does this mean? The company proposes to create two classes of shares with differing voting rights, guaranteeing that the founders, Larry Page and Sergey Brin, keep decision-making authority.

What does this mean for tech IPOs, which have suffered greatly since the great dotcom bubble burst? Tech IPOs have seen have seen a resurgence lately, which some attribute to VCs trying to recoup investments and to private companies trying to get out the door before the big Google IPO. But George Colony of C|Net speculates that an inflated Google IPO could signal Bubble II, a period of "overpriced froth," in his opinion.