Hello user, please login or register.

Tue, 24-Aug-2004 12:06 GMT

Home

The eRiding model

What Is eRiding?
History of eRiding
eRiding Results
Stories from the field
Start a Program

The eRider Network
Search for an eRider
Log In
Contact Us

Resources
eRiding
Cool Tools
Training
Open Source
Training for Trainers
Web Monitor

Community
News
Discussion List
Blogs
Photo Gallery



Home / News

Google nearly ready to float

2003-10-27 13:39:53

The firm has contacted more than a dozen investment banks to help arrange a share sale, and has already drawn up a shortlist, the Wall Street Journal reported.

According to Reuters, a flotation of the privately-owned firm is pencilled in for early next year, a deal that could value Google at up to $25bn (14.7bn) - slightly more than listed online retailer Amazon.

The Financial Times, meanwhile, reported that Google planned to sell shares by means of an online auction - an unusual method which would aim to avoid the sort of brokerage scandals seen in some share flotations in the 1990s.

Canny timing

Google's intention to sell shares has never been in doubt: such a move would raise capital, and enable the firm to motivate staff with perks such as stock options.

There are a lot of businesses that would have done better if they'd not had so much money flowing into them Sergey Brin, Google co-founder

In addition, analysts say the time is ripe for a hi-tech flotation, as investors are starting to return to the long-shunned market. An initial public offering on the sort of scale Google is reportedly contemplating would be by far the biggest share launch since hi-tech markets turned sour three years ago.

The sheer size of the deal makes it likely that Google will choose an investment bank-led transaction, rather than selling shares directly to the public online.

Friday's reports cited unnamed sources within Google; the company itself has refused to comment.

In the black

Google has built up a formidable reputation in the crowded search-engine market, mainly thanks to its uncannily accurate relevance-based search techniques.

GOOGLE FACTS
200 million searches a day 3.1 billion web pages indexed
More than 1,000 employees Google based on word googol, which refers to the number represented by 1 followed by 100 zeros
At the same time, it has shunned the sort of corporate trappings - notably advertising - that have transformed rivals such as Yahoo.
Google does not publish financial statements, but is believed to be highly profitable, earning money mainly by sponsored searches and by licensing its search technology.

Estimates of its annual revenue range from $500m to $1bn, with profits at least at $100m.

0 Comments




Lost? Check the Sitemap.



Civil Society policy websites set up in ten nations

Alliance for Nonprofit Management Annual Conference

TechSurveyor Offline Support

Photos from Istanbul

We need your Feedback!
Copyright 2003, International Eriders.
All Rights Reserved.
Privacy Policy | Site Map | Changelog | Discussion List
Contributors