Yahoo Music Is Shutting Its Doors There had to be a better way. It's no surprise that Yahoo! Music is shutting down its download store and pointing ...
By Jeremy Muncy
Staff Writer
Article Date: 2004-07-19
Google is moving closer to disclosing the proposed share price range for its IPO (initial public offer). The Wall Street Journal reported Monday this disclosure could come as early as this week. This progression is a sign that Google is getting close to its $2.7 billion IPO, which may come early as next month.
Google is the largest internet initial public offering ever, stated by cbs.marketwatch.com
Google, based is in Mountain View CA, plans to sell stock in the IPO by which the investor will play a role in calculating the price of the share. They plan to unveil the price proposal; as required by regulators.
The Wall Street Journal said that the Securities and Exchange Commission (SEC) might receive a document outlining the proposals this week.
The IPO could value the company at $20 billion or higher. Last year, Google earned $105.6 million on revenue of $961.9 million, and first-quarter profit and revenue more than doubled from a year earlier, reported money.cnn.com.
About the Author: Jeremy Muncy is a staff writer for WebProNews.com
