BusinessCorporate FinanceGoogle CFO leads float bid

Google CFO leads float bid

George Reyes, chief financial officer of internet search engine Google, is heading up the executive team eyeing a multi-billion dollar flotation.

Link: Googlewhacking

Reyes and other Google executives have met with investment bankers to sound them out about a possible IPO, according to reports.

According to the FT the company is considering holding a massive online share auction next year which would value the company at $15bn (£8.9bn), although some analysts say the company could be valued as high as $25bn, which would make it more valuable than online retailing giant Amazon.

Around 200 million searches a day are conducted on Google, which has 3.1 billion web pages indexed.

The company employs more than 1,000 employees and its revenues are estimated at $1bn.

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