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NEW YORK Ending months of anticipation, Google today filed a registration with the Securities and Exchange Commission for an initial public offering that could fetch the search company as much as $2.7 billion.
The Mountain View, Calif.-based search company intends to conduct an auction-style IPO, led by Morgan Stanley and Credit Suisse First Boston. An unusual process in the United States, Google’s auction-based IPO is meant to minimize “unreasonable speculation, small initial share float and boom-bust cycles that hurt companies and their investors,” according to the document.
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