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Google files long awaited IPO plans in Silicon Valley
Google Inc filed its IPO plans aiming to raise 2.7 billion dollars with an auction based offering to broaden public participation. The move would value Google at at least 20 billion, creating Silicon Valley millionaires among its 1900 employees, as co founders Page and Brin warned investors the company will not follow traditional market rules. Edwina Beans praised the milestone at Googleplex while Wall Street bankers prepare the listing likely for late summer or autumn.
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San Francisco
Google Inc
Wall Street
Google
Silicon Valley
Edwina Beans
Mountain View
Larry Page
Sergey Brin
Morgan Stanley
Credit Suisse First Boston
Steve Berkowitz
Ask Jeeves Inc