SEL: Barron's suggest Google IPO will spark Tech sector

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December 23, 2003

Barron's suggest Google IPO will spark Tech sector

Someone please ask Google to file their IPO already. There are only so many times you can report on the same speculation. Barron's offers its opinion:

"Beyond the shadow backlog looms something even larger, or at least more exciting: a potential filing for Google, which has gathered cheerleaders from the Valley to the canyons of Lower Manhattan. The Mountain View, Calif.-based Internet search-engine firm is expected to offer at least $2 billion of stock in the early part of 2004, which would value the company at about $20 billion.

Better yet, say venture capitalists, investment bankers and expectant corporate chiefs, Google's debut could open the floodgates to a torrent of tech IPOs. Some have even gone so far as to call a prospective Google filing "Son of Netscape," a reference to Web browser Netscape Communications' landmark offering in 1995. Netscape's shares shot up 108% to 58.25 in their first day of trading, and the IPO market -- and the Internet -- haven't been the same since."

Andy Beal | permalink | +marktd |

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