The Register® — Biting the hand that feeds IT

Google mulls $15bn IPO – report

Online share auction touted

Increase your knowledge of the latest threats to your busines

Google is preparing to float early next year in a deal valued at $15-25 billion, according to the Financial Times.

The iconic Internet search outfit is mulling the idea of holding a massive online share auction early next year in an initial public offering (IPO), the paper says. Some reports claim that the IPO has already been pencilled in for March.

The thinking behind the e-auction is straightforward enough. Google wants to avoid a recurrence of the sort of financial scandals that have engulfed Wall Street since the collapse of the dotcom bubble, the FT reports.

And, of course, such a move would cut the underwriting fees paid to investment banks.

No one at Google was available for comment at the time of writing. ®

Increase your knowledge of the latest threats to your busines

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Reg black vulture logoReg Mobile and Wireless newsletter is go! go! go!

Site news Email-tasm

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes