PDA

View Full Version : GOOGLE picks Nasdaq Stock Market Inc. over the New York Stock Exchange


! !
07-12-2004, 10:02 PM
http://news.com.com/Google:+Eeny,+meeny,+miny,+Nasdaq/2100-1023_3-5266094.html

http://www.reuters.com/newsArticle.jhtml?type=internetNews&storyID=5648909



Google Inc. said it plans to list its $2.7 billion initial public offering -- the most hotly anticipated of the year -- on the Nasdaq Stock Market Inc. (NDAQ.OB: Quote, Profile, Research) , dealing a blow to the New York Stock Exchange.

In an amended regulatory filing with the U.S. Securities and Exchange Commission, Google said it would list with the Nasdaq. It did not specify which trading symbol it intends to use.

The Nasdaq and the NYSE both said they were aggressively courting Google. Neither market gave any indication why the Web search company decided on the Nasdaq, but analysts have long speculated the technology-rich No. 2 U.S. market had the advantage.

Marcia
07-13-2004, 03:51 AM
I'd always assumed it would be NASDAQ. NY Stock Exchange never occured to me; it would have been a surprise.

AussieWebmaster
07-13-2004, 12:37 PM
Danny is quoted in the NY Post article about this today.

http://www.nypost.com/business/27206.htm