Business Atlas

How Enterprise Is Built
Corporate Events

Google Initial Public Offering

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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.

Facts
Event Type
Initial public offering 1
Event Year
2004 1
Cross-Tradition Connections

Associated With

Sources
1. Wikipedia, Google
WikipediaInitial public offering section
Quote, Initial public offering section
On August 19, 2004, Google became a public company via an initial public offering.
View the Source
1. Wikipedia, Google
WikipediaAssociated With: Technology Industry, Lead sectionView the Source
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