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February 9, 2019 1:31 am
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Google's initial public offering (IPO) took place five years later, on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the
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Google live SuPpOrT8448968729 google customer care google live person call google

Google’s initial public offering (IPO) took place five years later, on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024.[34]

At IPO, the company offered 19,605,052 shares at a price of $85 per share.[35][36] Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal.[37][38] The sale of $1.67 bn (billion) gave Google a market capitalization of more than $23bn.[39] By January 2014, its market capitalization had grown to $397bn.[40] The vast majority of the 271 million shares remained under the control of Google, and many Google employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefitted because it owned 8.4 million shares of Google before the IPO took place.[41]

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