Initial Public Offering Details
IPO Date: To be determined
Method: Modified Dutch Auction
Lead Underwriters: Morgan Stanley, CSFB
Stock Symbol: GOOG
Exchange: NASDAQ
Number of Shares: 24,636,659
Share Price Range: $108 to $135
Value of Offering: $2.66 bil. to $3.32 bil.
Net Proceeds to Company: Approx. $1.66 billion
Initial Market Cap: $29 bil. to $36.25 bil.
Google announced plans Monday to sell about 25 million shares at up to $135 each when it goes public as early as next month giving the Internet search engine a total market value of as much as $36 billion, on par with the likes of McDonald's and Sony.
It would be the eighth-largest initial public offering in history, bigger than most of the IPOs that took place during the dot- com craze of the 1990s.
Google shares will be distributed in an unusual auction designed to give the general public a better chance to buy stock before shares begin trading. Google founders Larry Page and Sergey Brin, who formed the company in 1998, also stand to profit handsomely along with its stock-holding employees and venture capital investors
IPO Date: To be determined
Method: Modified Dutch Auction
Lead Underwriters: Morgan Stanley, CSFB
Stock Symbol: GOOG
Exchange: NASDAQ
Number of Shares: 24,636,659
Share Price Range: $108 to $135
Value of Offering: $2.66 bil. to $3.32 bil.
Net Proceeds to Company: Approx. $1.66 billion
Initial Market Cap: $29 bil. to $36.25 bil.
Google announced plans Monday to sell about 25 million shares at up to $135 each when it goes public as early as next month giving the Internet search engine a total market value of as much as $36 billion, on par with the likes of McDonald's and Sony.
It would be the eighth-largest initial public offering in history, bigger than most of the IPOs that took place during the dot- com craze of the 1990s.
Google shares will be distributed in an unusual auction designed to give the general public a better chance to buy stock before shares begin trading. Google founders Larry Page and Sergey Brin, who formed the company in 1998, also stand to profit handsomely along with its stock-holding employees and venture capital investors
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