Google Selects Nasdaq for IPO, Buys Picasa

NEW YORK Google plans to list its shares on the Nasdaq, according to an amendment to its initial public offering registration filed yesterday with the Securities and Exchange Commission.

The Mountain View, Calif.-based company could fetch as much as $2.7 billion from the auction-style IPO, led by Morgan Stanley and Credit Suisse First Boston [IQ Daily Briefing, April 29]. A date for the highly anticipated offering has not been specified in the SEC paperwork.

Separately, Google said today that it has acquired Picasa, a Pasadena, Calif.-based digital photo management company. In May, Picasa partnered with Google to ease the process of publishing and sharing photos on the latter’s Blogger service.

“[Picasa’s] technologies complement Google’s ongoing mission to organize the world’s information and make it universally accessible and usable,” said Jonathan Rosenberg, vice president of product management at Google.

Terms of the deal and product integration plans were not revealed.