October 24, 2003

Report: Google could go public in online auction

Internet search leader considering IPO early next year

Internet search leader Google Inc. could go public early next year and is considering holding a huge online auction of its shares, according to a report published Thursday.

The Financial Times (FT) said in its online edition that Google executives met with a number of investment bankers last week to gauge their interest in an initial public offering (IPO). A decision by the 5-year-old search giant to go public is expected to create enormous excitement among investors, the FT said, and the company could be valued at between $15 billion and $25 billion.

Furthermore, Google is reportedly considering an online auction of its shares, which would prevent prices being set by an investment bank, the FT said.

Since its inception in 1998, the plucky start-up has taken the online search market by storm, and now claims to process more than 200 million queries a day. Google has also racked up deals with other major Internet players such as America Online Inc. (AOL) and Amazon.com Inc.

Representatives for the Mountain View, California, company were not immediately available to comment on the report Friday.

Close

On Twitter now

Applications

Powered by Twitter

On Twitter now

White Paper

D2D Virtual Tape Library Replication Primer

This whitepaper explains the terminology and concepts behind Data Replication technologies and establishes some sizing rules through worked examples. Learn the new paradigm in disaster tolerance—protect data anywhere.

Download now »

White Paper

An Alternative to Virtualization for Datacenter Cost Savings

Server virtualization is a popular option for dealing with mounting datacenter costs. Another equally promising approach is the use of an Application Delivery Controller. Citrix NetScaler provides a low-cost way for organizations to reduce their server count and accrue cost savings from a reduction in space, cooling, power and personnel.

Download now »

White Paper

Why Your Firewall, VPN, and IEEE 802.11i Aren't Enough to Protect Your Network

The emergence of WLANs has created a new breed of security threats to enterprise networks.

Included in HP ProCurve WLAN solutions is security technology that alleviates threats from WLANs through:
* Monitoring wireless activity inside and out of the enterprise
* Classifying WLAN transmissions into harmful and harmless
* Preventing transmissions that pose a security threat to the enterprise network
* Locating participating devices for physical remediation

Download now »

White Paper

Bringing the Edge to the Data Center

Effectively address data protection challenges, implementing solutions that help store and protect business–critical data while cutting costs and improving efficiency and reliability.

Download now »

Sign up to receive Applications Resource Alerts

Subscribe to the Today's Headlines: First Look Newsletter

Find out what will be news for the day, with our first-thing-in-the-morning briefing.

©1994-2009 Infoworld, Inc.