[b]Google[/b] handed to the Nasdaq Stock Market
Enviado: 13/7/2004 0:05NEW YORK (Reuters) — Google handed the Nasdaq Stock Market a victory over the New York Stock Exchange Monday, when the Web search leader said in a regulatory filing that it plans to list its $2.7 billion initial public offering on the Nasdaq.
Industry insiders have said both the Nasdaq and its larger, bitter rival the NYSE, were in hot pursuit of Google, the year's most breathlessly awaited IPO.
Google, in an amended regulatory filing with the U.S. Securities and Exchange Commission, did not specify which trading symbol it intends to use.
Bethany Sherman, a Nasdaq spokeswoman, said Monday the market "typically does not comment on pending IPOs."
The NYSE put the best face on Google's decision to go with its rival, issuing a statement that said "Google is an outstanding company with a great management team, and we wish the company well with its initial public offering."
During the dot-com boom of the 1990s, the Nasdaq saw its cachet soar as the premier destination for technology listings. The Nasdaq's fortunes have waned since the dot-com bubble burst, but Google's listing suggests the market remains attractive for high-profile public offerings.
Industry insiders have said both the Nasdaq and its larger, bitter rival the NYSE, were in hot pursuit of Google, the year's most breathlessly awaited IPO.
Google, in an amended regulatory filing with the U.S. Securities and Exchange Commission, did not specify which trading symbol it intends to use.
Bethany Sherman, a Nasdaq spokeswoman, said Monday the market "typically does not comment on pending IPOs."
The NYSE put the best face on Google's decision to go with its rival, issuing a statement that said "Google is an outstanding company with a great management team, and we wish the company well with its initial public offering."
During the dot-com boom of the 1990s, the Nasdaq saw its cachet soar as the premier destination for technology listings. The Nasdaq's fortunes have waned since the dot-com bubble burst, but Google's listing suggests the market remains attractive for high-profile public offerings.