The Wall Street Journal is reporting the people familular with the Google IPO matter are saying that the Internet-search pioneer Google Inc. plans to announce within days that it will push forward with an initial public offering. Many financial and news reporting agencies are carrying the story, but nothing else is known at this time.
The announcement is linked to the fact that Google will soon be required to disclose publicly more information about its business, under a Securities and Exchange Commission rule triggered after closely held companies surpass a certain size. Google is expected to have to make such disclosures as early as next week. Lawyers have said that the disclosure requirements can be a trigger for companies to list their shares.
While most news agencies are citing the source from the Wall Street Journal, the Mercury News is citing that all they have is an AP story that is saying the company appears poised to file the papers for the much-anticipated initial public offering of stock next week because of an obscure SEC rule affecting companies with at least 500 shareholders
More on the stories at Google IPO Imminent
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