WebProNews

Google IPO Has Wall Street Working Overtime

The dynamics of Google's $2.7 billion IPO is causing a great deal of work for the Wall Street brokerage houses involved. In preparation for the offering, these houses, while working diligently, may not receive the type of return normally associated with an offering of this size.

Google Update - IPO, SERPS, Open & Outsourcing, GMAIL

Over the past seven years, it is fairly safe to say that the use of search engines has revolutionized our methods of finding and valuing information. Almost any activity involving research from personal travel planning to corporate business planning has been made far easier through the use of search engines. When one search tool or firm dominates as Google has for the past three years, it will get a lot more attention from the public and the media. Case in point, Google. Synonymous with search, Google has changed the world. For the most part, Google has made it a better place to live. That in itself justifies the intense scrutiny constantly focused at virtually every move made in the Googleplex. The fact they are changing rapidly further justifies the public and media interest and the hoopla.

Google Makes Amendments To IPO Filing

Google has made some amendments to its initial filing that was done for the SEC with the intention, it seems, of quelling fears that have risen about Google since it first filed in April 29, 2004.

Google Increases Number Of Underwriters For Its IPO

The world's most popular search engine, Google has added additional underwriters for its planned $2.7 billion IPO. Google named 29 other banks to assist the already named Morgan Stanley & Co. Inc. and Credit Suisse First Boston.

Amazon CEO Stands To Benefit From Google IPO

Jeff Bezos, CEO of Amazon.com, was one of the first five outside investors into what was a fledgling start-up search engine named Google. Bezos made his investment in 1998, and the result of his support was that Google entitled him to an undisclosed amount of stock at 6 cents a share.

Google Denies Goldman Sachs From IPO

Search engine Google dropped Goldman Sachs as an underwriter for their upcoming IPO. Goldman Sachs was removed from consideration based on Google's claims that the investment bank acted in a manner that angered them.

Google Finally Files IPO

Search engine Google finally ended mountains of speculation by filing their initial public offering today, April 29, 2004. This means that Google's stock will now be available to the public, although the stock isn't expected to be available for a few months.

Google IPO News

It seems that Google is getting closer to filing their IPO. The IPO is expected to value Google at around $20-25 billion dollars. Plans for the search engine's public offering have been kept quiet to the point of being secret. Although today, April 26, 2004, comes news of Google making a deal with two investment banks to underwrite the offering.

Google IPO Looming

According to many financial news outlets, Google is set to announce its plans for their IPO "within days". The initial report came out of The Wall Street Journal, and the speculation about Google's IPO comes from the search engine having to open its financial books up for the SEC.