# Google prepares investors for IPO bidding process (HT Tech) > Google is making sure that some of its investors are prepared to make required deposits with their brokerages as it nears its IPO. # Google prepares investors for IPO bidding process ## Google is making sure that some of its investors are prepared to make required deposits with their brokerages as it nears its IPO. Aug 12 2004, 17:43 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) Google Inc is making sure that some of its investors are prepared to make required deposits with their brokerages as it nears its initial public offering, according to an amended filing that the number one Web search engine submitted to the Securities and Exchange Commission on Wednesday. In the latest filing, Google added details on conditions that may be required by nine of the 28 brokerages participating in the IPO after its registration statement is declared effective - the final nod it needs to get from regulators before it prices its IPO. 'In the event these underwriters require you to make deposits, you will need to do so within 24 hours after the registration statement is declared effective,' Google said in Wednesday's amended SEC filing. Also read click here. 'However, if the registration statement is declared effective on Friday, such funds will be due 72 hours after the registration statement is declared effective.' Google, which is planning to sell stock worth as much as $3.3 billion in the hottest IPO this year, is being watched closely by potential investors, the financial community and the media as it prepares for its upcoming IPO. This week Google boosted its share offering to pay Yahoo Inc 2.7 million shares to settle a lawsuit over technology used to display ads, and last week disclosed it may have illegally issued shares to past and present employees. Google has in previous filings let investors know it could move quickly to price its IPO after regulators declare its registration statement effective. 'We and our underwriters may determine to accept successful bids in as little as one hour after the SEC declares the registration statement effective regardless of whether bidders have deposited funds or securities in their brokerage accounts,' the filing states. A company is not allowed to sell shares to the public until its registration statement is declared effective by the US Securities and Exchange Commission. 'The SEC declares a registration statement effective when it has no further comments on the filing, and the company requests they declare it effective,' said Brian Lane, a lawyer and former director of the division of corporate finance at the SEC. 'They (a company) could wait a few days, but most issuers, once they go effective, they price right after that.' Google has said that it can close its auction at 'any time.' In the event the auction remains open for an extended period of time, it has said investors will need to reconfirm their bids if more than 15 business days have passed since their bids were submitted. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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