Web Search–Google
Google Files for Initial Public Offering
Here you go, search fans. What does this mean for the searcher? Not much. Here are some bullet points from a News.com story. It will not be difficult to find more than enough coverage elsewhere.
+ Shares will be auctioned off.
+ The company wants to raise 2.7 billion with the offering.
+ “The registration filing with the Securities and Exchange Commission offers an estimate of what the company believes it may be able to raise with its initial public offering, although the filing does not disclose the number of shares that will be offered, nor the range in price for those shares.”
+ “Google will create two classes of shares with different voting rights, a move that aims to guarantee founders Larry Page and Sergey Brin will maintain decision-making authority. Such structures have proven beneficial in media companies, such as The New York Times, the filing states.”
+ When will Google go public? No time frame was provided in the filing.
+ Want to buy Google stock at the IPO price? According to News.com, “investors should be prepared to jump through a number of hoops to get there.” These hoops include having an account with Morgan Stanley or Credit Suisse.
See Also: A Great Review of the Filing (what else would you expect) from Danny S.
See Also: More from John Markoff and the New York Times

This entry was posted on Thursday, April 29th, 2004 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.