|
Search Engine Files For IPO, Is Valued At More Than Ford And General MotorsAUGUST 19, 2004 · 09:14
The offering was priced at $85 a share on Wednesday night and was oversubscribed more than ten times before it opened. The company has 160 employees and says it has turned a profit for four consecutive quarters, which was not widely expected, including by the company.
THE TRADING FLOOR IN SAN FRANCISCO. THE IPO WAS IN NEW YORK.
( FILE PHOTO )
THE TRADING FLOOR IN SAN FRANCISCO. THE IPO WAS IN NEW YORK.
MOUNTAIN VIEW, August 19 -- Google, a company founded in a garage in 1998 and incorporated in 2001, became publicly traded this morning at a valuation of more than $23 billion.
The offering was priced at $85, raised $1.67 billion, and traded up 100 per cent by the close. It is the largest initial public offering in the history of the internet and the fourth largest in American history.
Corrections: none so far. Published items are never corrected, they are replaced,
and the replacement keeps the original in the archive, where nobody will look for it.
COMMENTS (155) — showing the 1 that survived moderation
House rules, posted since the beginning and enforced by one person:
be the kind of commenter who would be tolerable in person. do not correct people's grammar
unless it is fun. no fonts larger than 11 pixels. this is not a newspaper. it is a
website.
|