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Google’s IPO Might Be Delayed
By Jeremy Muncy
Staff Writer
Article Date: 2004-08-06
Google, search engine giant, unfortunately might have to delay its much anticipated $3.3 billion IPO to wait on more fund managers.
This decision came after Google issued over 20 million shares, estimated at $3.1 billion, of its stock to current and former employees, according reuters.
The delay could push the offering into the later part of August, traditionally a lackluster time to launch an IPO as many investors are on vacation, as reported on cnn.com.
Discuss the Google IPO in WebProWorld the WebProNews forum.
About the Author:
Jeremy Muncy is a staff writer for WebProNews.com
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