Google plans to announce within days that it will push forward with an initial public offering, reports CNN and The Wall Street Journal.
According to the WSJ, the announcement is based upon the fact that Google will soon be required to disclose publicly more information about its business, under a Securities and Exchange Commission rule triggered after closely held companies surpass a certain size. According to analysts, Google is expected to have to make such disclosures as early as next week and such disclosers usually trigger a demand for such a company to offer public shares.
Since Google is a privately owned company, many elements of its expected IPO remain a mystery- including its size, revenue, and whichbanks maybe chosen to lead the IPO.
Google IPO rumors have been on the rampage since last October, with some Wall Street folks valuing Google at as much as $25 billion.