Google Chooses Morgan Stanley for IPO

Google Inc hired Morgan Stanley and Goldman Sachs Group Inc to manage its initial public offering, a sale that may raise as much as US$4 billion, a banker involved in the transaction said.

Mountain View, California-based Google may sell a stake of about one-third in the IPO, giving the company a market value of about US$12 billion, the bankers said.

By selling now, Google would take advantage of a rally in computer-related shares. The Nasdaq Composite Index, 42 percent of its value from technology stocks, has climbed 45 percent the past 12 months, closing today at its highest since January 2002.

Written By:
PG

| Search Engine Journal | @lorenbaker

Loren Baker is the founding editor/creator of Search Engine Journal and remains an advisor and Editor In Chief to this publication.

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