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Google sets IPO deadline

Posted 11/08/2004

The search engine giant Google has set a deadline for investors wishing to take part in its initial public offering.

Google's stock market flotation is the most widely anticipated IPO of the year.

Investors have until Thursday August 12th to register for the share auction.

Shares in the world's leading search engine company are expected to debut at between $108 and $135 each.

Earlier this week Google settled a long-standing patent dispute with its main rival Yahoo.

Under the terms of the settlement, Yahoo will receive 2.7 million shares in the newly floated company.

While Google remains in a strong position in the search engine market, it faces a number of obstacles both from competitors and challenges to its working practices.

© 1998-2004 DeHavilland Information Services plc.

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