Breaking News from The Globe and Mail
Google plans Nasdaq listing
Monday, July 12, 2004
SAN JOSE, Calif. Google Inc. plans to list on the Nasdaq National Market for its impending initial public stock offering, according to a filing Monday with the U.S. Securities and Exchange Commission.
The $2.7-billion (U.S.) offering for the online search engine company promises to make the biggest IPO splash yet in the post-dot-com era and is expected to give the Mountain View, Calif.-based company a market value of at least $20-billion.
Thirty brokerage houses have teamed up to conduct the on-line public auction that Google plans to use to set its offering price.
Google officials did not specify a date for its IPO or a ticker symbol in the SEC filing.
© The Globe and Mail