Google may go public early next year and is considering holding a huge online auction of its shares, bypassing the investment banks.
The Financial Times says Google executives met with investment bankers to gauge their interest in an IPO of stock. A decision by the search giant to go public is expected to create excitement among investors, and the company could be valued at between $15 billion and $25 billion, experts say.
Google reportedly is considering an online auction of its shares, which would prevent prices being set by an investment bank. Since its inception in 1998, Google has taken the online search market by storm and now claims to process more than 200 million queries a day.
Google has racked up deals with other major Internet players such as AOL and Amazon. Company representatives were not immediately available to comment.