The Google IPO

Essay specific features

 

Issue:

Business

 

Written by:

Agustin F

 

Date added:

June 7, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 543

 

Was viewed:

2568 times

 

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Essay content:

Head-on competing with another search giant Yahoo.com, with 60 million internet users, Google has become one of the most powerful search engines in the world. In October 2003, Microsoft was seeking possible partnership or merger with Google. The deal fell through. To make sure they have the absolute voting power and ownership, Larry Page and Sergey Brin announced to raise capital of exactly USD $2,718,281,828 ( a product of "e" and $1 billion, where "e" is the base of the natural logarithm) through the Dutch auction with Initial Public Offering...
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The detailed documents showed that Google has been profitable since 2001 and with its solid performance in 2003. Google founders knew very well that the demand of Google's share would be extremely high. Therefore, in a letter as a part of the filing to the Commission, Brin and Page determined to use Dutch auction to find its ultimate price...
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