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Google registers for characteristically quirky IPO.
Byline: Michael Bazeley
SAN JOSE, Calif. _ The wait is over.
Google, perhaps Silicon Valley's most famous and iconoclastic company, registered to go public Thursday, ending more than a year of intense speculation and signaling that it does not intend to sit idle in the face of strengthening competition.
The Internet search company hopes to raise about $2.7 billion in an initial public stock offering that will defy convention by auctioning shares directly to the public. The timing of the sale has not been set.
Befitting the company's nonconformist reputation, Google's filing with the Securities Exchange Commission was accompanied by a unusual letter, from founders Larry Page and Sergey Brin, that vowed to maintain the company's focus on innovation and ``making the world a better place.''
``Google is not a conventional company,'' Page wrote in the seven-page letter, inspired in part by investor Warren Buffett's essays in his annual reports. ``Eric Schmidt, CEO, Sergey and I intend to operate Google differently, applying the values it has developed as a private company to its…
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Source: HighBeam Research, Google registers for characteristically quirky IPO.
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