The Bay Area housing market is all set to “kick-it-up-a-notch” as many newly minted Google millionaires are going to go shopping for palazzos. TheStalwart has details on the insider selling. For those of you who missed out on the Google IPO, here is your second chance. The company plans to raise $4 billion. Its not going to be risk free, according NYU finance professor Aswath Damodaran tells Fortune.
> Google is currently worth just $110 per share. And this assumes that the company will grow like gangbusters, taking in $49 billion in sales by mid-2015, compared with just $3.2 billion last year—an increase of some 1,400%. For his part, Damodaran is baffled that anyone would pay close to $300 per share for Google. To justify paying this much, he says, you will need compounded revenue growth of about 40% a year, which would generate revenues of $135 billion and operating income of almost $30 billion in ten years.