Google Inc plans to list on NASDAQ for its impending initial public stock offering, according to a filing on Monday with the US Securities and Exchange Commission.
The US$2.7 billion offering for the online search engine promises to make the biggest IPO splash yet in the post-dotcom era and is expected to give the Mountain View-based company a market value of at least US$20 billion. Thirty brokerage houses have teamed up to facilitate the online public auction that Google plans to use to set its offering price.
Google officials did not specify a date for its IPO or a ticker symbol in the SEC filing.
The hotly anticipated IPO is expected to occur in late summer or early autumn, but Google spokeswoman Cindy McCaffrey declined to comment on the time frame or the company's NASDAQ decision.
Though many high-tech companies prefer the NASDAQ, industry analysts say the New York Stock Exchange clamored for the search engine giant. Besides its wide recognition, Google is highly profitable -- earning US$106 million on revenue of US$982 million last year.
Google's upcoming IPO, which was announced in April, takes a less typical approach by relying on a public auction instead of institutional investors to determine the price of its initial shares.
The public offering is expected to draw intense interest from Main Street investors and add further momentum for the resurgent IPO market.
SAFETY RISK: The government is working to categorize countries based on their COVID-19 cases and prevention efforts, which would determine quarantine periods The government plans to rank countries based on their COVID-19 risks to determine how to treat tourists and other travelers from those nations once Taiwan reopens its borders, but it is still working out the categories, a top health official told lawmakers yesterday. “We would divide countries around the world into several categories. One category would comprise those countries with very few confirmed COVID-19 cases, such as New Zealand and Palau. Travelers from the countries in this category would only need to practice self-health management,” Centers for Disease Control Deputy Director-General Chuang Jen-hsiang (莊人祥) told a Legislative Yuan seminar hosted by
China would attack Taiwan if there is no other way of stopping it from becoming independent, Chinese General Li Zuocheng (李作成) said yesterday. Speaking at Beijing’s Great Hall of the People on the 15th anniversary of China’s “Anti-Secession” Law, Li, who is chief of the Joint Staff Department of the Chinese People’s Liberation Army Central Military Commission, left the door open to using force. The 2005 law is China’s legislative basis for military action against Taiwan. “If the possibility for peaceful reunification is lost, the people’s armed forces will, with the whole nation, including the people of Taiwan, take all necessary steps to
SECURITY CONCERNS: The Telecom Technology Center ran black-box tests for the Executive Yuan on devices and software from Chinese, US and South Korean firms Network devices from several Chinese manufacturers are insecure and allow personal information to be leaked, testing commissioned by the Executive Yuan has shown. A variety of devices and software, including apps, from Chinese, US and South Korean manufacturers that are used by government agencies at the central and local level were subjected to black-box testing — in which the functionality of an application is examined without knowing about its internal structure, an information-security official said yesterday on condition of anonymity. The Telecom Technology Center conducted the tests, which simulated cyberattacks, to determine their resilience to the attacks, the official said. The center
CASH BOOST: Foreign spouses with residency permits are also eligible for the coupons, which can be bought at post offices or linked to digital payment options Stimulus coupons for Taiwanese and foreign spouses with residency permits can be ordered starting on July 1 and can be used from July 15 to Dec. 31, the Executive Yuan said yesterday. Aimed at boosting domestic spending, the coupons worth NT$3,000 (US$100.04) are to cost NT$1,000. “For our consumers, this is a very good deal as they get three times as much value for their money,” Premier Su Tseng-chang (蘇貞昌) told a news conference in Taipei. While the coupons are to have a wide range of uses, including at department stores, restaurants, book stores, night markets, beauty and hair salons, hotels, and to