Google became a public company on August 19, 2004, opening on the Nasdaq National Market under the ticker symbol GOOGL. The company offered 19,605,052 shares at $85 each, using an online Dutch auction bidding system built by underwriters Morgan Stanley and Credit Suisse rather than a traditional fixed price allocation. The sale raised $1.67 billion, giving Google a market capitalization of more than $23 billion and making cofounders Larry Page and Sergey Brin two of the wealthiest people in the technology industry. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Event TypeInitial public offering 1 Connections
Associated With
Google went public on August 19, 2004 through an unconventional Dutch auction initial public offering.
Source Wikipedia, Google
Source Wikipedia, Google
Source Wikipedia, Google
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Source Wikipedia, Google
Companies Involved
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Sources
1. Wikipedia, Google
WikipediaLead section
The company went public via an initial public offering (IPO) in 2004. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc.
- Associated With: Google, Initial public offering section
- Associated With: Larry Page, Initial public offering section
- Associated With: Sergey Brin, Initial public offering section
- Associated With: Finance
- Companies Involved: Google
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