Google files for $2.7-bn online IPO

Any idea how to subscribe to the Google IPO??

Google files for $2.7-bn online IPO

REUTERS[ FRIDAY, APRIL 30, 2004 10:30:14 AM ]
SAN FRANCISCO: Google Inc., whose name is synonymous with Internet searches, on Thursday said, it planned to go public by selling $2.7 billion in stock through a novel online auction in the most-anticipated IPO since the dot-com bust.

The planned initial public offering promised to enrich the founders and early backers of the unconventional six-year-old company, which posted revenue of almost $1 billion last year. It would also set the stage for a new round of competition for Internet advertising dollars with Microsoft Corp. and Yahoo Inc.

In keeping with Google's quirky culture, co-founders Sergey Brin and Larry Page promised in an "owners manual" for prospective investors that its debut as a public company would not change its culture. In doing so, they repeated the company mantra: "Don't Be Evil."

"Google is not a conventional company. We do not intend to become one," they said, noting that investors could be in for a bumpy ride because they had no intention of smoothing results to match Wall Street expectations and would continue to invest in high-risk, high reward projects.

Google did not provide details on the pricing or expected listing date for its shares, but said they would be sold through an online auction designed to even the playing field for smaller investors and "minimize" the "boom-bust cycles" that have characterized other IPOs.


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Re: Google files for $2.7-bn online IPO

Sorry but you can answer by searching it on Google. There you find a clear and satisfactory answer.
jhon the question asked in 2004 and u r replying on 2012 ... 8 years later ... why this kolaiveri ?

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