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Tuesday, July 27, 2004

As It Goes Public, Google Says It Is Worth Up to $36 Billion via NYTimes

The popular Internet search company, which is attempting to sell shares to the public in an unconventional auction, said in a filing with the Securities and Exchange Commission yesterday that it expected its shares to sell for $108 to $135 each.That would value the company at $29 billion to $36 billion, putting its market value just below the $38 billion value of Yahoo, a larger and far more mature Internet company. The most valuable Internet company, eBay, is worth $49 billion.The company will use what is called a modified version of a Dutch auction, in which prospective investors indicate how many shares they want and the maximum price they are willing to pay. In a classic Dutch auction, the final price would be set at the highest price that will allow all the shares to be sold.Google with a revenue of $1.47 billion last year shall command a marketcap of 29-36 billion dollars , a tad lower than Yahoo marketcap.At this price, Google is more valuable than Mcdonalds and SONY!!Crazy!!!

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