Home > News > Google To Go Public In 2004 • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Google To Go Public In 2004

Get XBIZ News
Jan 6, 2004 12:00 AM PST    Text size: 
SILICON VALLEY – The number one search engine has put out the word that it plans to file an Initial Public Offering (IPO) over the next six-to-eight months, which for many technology analysts harkens back to the days before the dot-com crash of 2001.

According to the Associated Press (AP), Google’s announcement to go public, which it has been mulling over for the past three months, could potentially raise millions of dollars for the company and could rank the search engine among one of the biggest IPOs in technology history.

The move is also expected to raise an estimated $4 billion dollars for investors and the company, and industry analysts are expecting the filing to spur similar potential technology IPOs that have been waiting in the wings while the tech sector rebounds from a devastating deflation.

Google’s announcement to go public is being closely associated with another spotlighted IPO by CIT Group in July 2002, in which the company tallied in an estimated $4.87 million, according to the AP.

XBiz was unable to confirm Google’s plans at the time of this printing, however, the AP reports that between the dates of January 2001 and Dec. 9 of 2003 there were 238 IPOs. Whereas, between 1998 and 2000 there were a total 1,250 IPOs.

Google first expressed interest in going public in October or 2003 on the heels of a press frenzy over a possible merger with Microsoft Corp.

According to reports, Google and Microsoft began their corporate flirtation several months ago. The possible marriage, as unlikely as it seemed at the time, could have been a suitable strategic move for both companies insofar as Microsoft was shopping around for entry into the lucrative advertising search space, and Google, which has profited hugely from of its Adwords search service, was looking to solidify its image as one of the Internet's major players.

Google recently purchased Primedia Inc.'s online advertising unit, making its position as one of the leaders in pay search results even stronger. Google will also supply ads for Primedia's websites, including its About.com sites.

Google's rapid financial success over recent years has raised the bar among similar services, including Overture, which is owned by Yahoo!

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

EDUCATIONAL FEATURES

Cam World: A Good Grind Reaps Riches

For years, webcam modeling was taboo and considered by many as a dirty and raunchy activity. However, in today’s economy, webcam jobs are being accepted more and more by everyone across the globe.... More »

Cam World: Beauty on Point — Models Talk Tradecraft

Cam girls are the girls that are always on point — with the perfect make-up and perfect skin, the shiny hair and long nails. Given their expertise, I asked some of the girls from Studio 20 if they... More »

Cam World: Camming and Toys Go Hand in Hand

There is nothing more satisfying than pleasure, especially if it is sexual. The size or the presentation of the stimulus does not matter if the sensations and tension the body receives transform the way... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

XBIZ.net Paysite Meetup

May 04 - May 04
Prague, Czech Republic

Eurowebtainment 2017

May 17 - May 20
Majorca, Spain

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!