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Google engages banks for IPO

Google engages banks for IPO

(13th January 2004 – USA) Internet search engine Google has engaged Goldman Sachs and Morgan Stanley to arrange its initial public offering, which is expected to raise up to US$4 billion, according to sources in the US. The sources went on to say that Citigroup, Credit Suisse First Boston, JP Morgan Chase, Thomas Weisel Partners and WR Hambrecht are also contributing to the IPO.

Google could be worth up to $12 billion following the IPO, 15 to 20 percent of which may be conducted online, allowing retail investors to obtain pre-IPO shares.

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