Google files for unusual $2.7 billion IPO (News.com)
[Posted April 30, 2004 by ris]
News.com takes a
look at Google's IPO plans. "In an unusual provision for a
technology company, Google will create two classes of shares with different
voting rights, a move that aims to guarantee that founders Sergey Brin and
Larry Page will maintain decision-making authority. Such structures have
proved beneficial in media companies such as The New York Times, the filing
states."
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