Internet search firm Google said Monday it would list its hotly anticipated $2.7 billion initial public offering on the Nasdaq Stock Market, dealing a blow to the New York Stock Exchange, which had campaigned hard to win the coveted listing. Both organizations had a lot at stake in the Google listing, which the Mountain View, Calif.-based company disclosed in a filing with the Securities and Exchange Commission. The NYSE and Nasdaq fiercely compete for stock listings, which generate significant revenue as well as prestige.
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Nasdaq Snares Google IPO
Posted by: Ben White July 13, 2004 01:40 PMInternet search firm Google said Monday it would list its hotly anticipated $2.7 billion initial public offering on the Nasdaq Stock Market, dealing a blow to the New York Stock Exchange, which had campaigned hard to win the coveted listing. Both organizations had a lot at stake in the Google listing, which the Mountain View, Calif.-based company disclosed in a filing with the Securities and Exchange Commission. The NYSE and Nasdaq fiercely compete for stock listings, which generate significant revenue as well as prestige.