Google launches site to register IPO bidders (ITWorld)
In a sign that Google Inc. is moving closer to launching its
much-anticipated initial public offering (IPO), the search giant opened
a Web site on Friday where investors can register to bid for the
Google: IPO Would Be Worth $3.3 Billion
Mon Jul 26, 2004 10:53 AM ET
WASHINGTON (Reuters) - Google Inc., the world's No. 1 Web search provider, on Monday said its highly anticipated initial public offering would be worth as much $3.3 billion and could have an initial market capitalization as high as $36.25 billion.
Google also reported that second-quarter profit rose 24 percent from the first quarter.
About 24.6 million shares would be sold in the IPO for between $108 and $135 apiece, according to an amended prospectus filed with the U.S. Securities and Exchange Commission.
Mountain View, California-based Google plans to sell 14.1 million shares, while another 10.5 million would be sold by stockholders. It has received approval to list its Class A common stock on Nasdaq under the symbol "GOOG" (GOOG.O: Quote, Profile, Research)