I.P.O.

- GOOGLE
REPORTER: CHARISSE DIANNE LEONARDO

HISTORY - GOOGLE
LARRY PAGE AND SERGEY BRIN

HISTORY - GOOGLE
The first Google computer at Stanford
was housed in custom-made enclosures
constructed fromLego bricks.

HISTORY - GOOGLE
By 1996, Page and Brin are both grad
students and theyre collaborating on a
search engine called BackRub.
In 1997, Page and Brin decide to rename
BackRub to something else. Google is
born. Its a play on the word googol, a
mathematical term for the number
represented by the numeral 1 followed by
100 zeros. The use of the term reflects their
mission to organize a seemingly infinite
amount of information on the web.

I.P.O - GOOGLE

I.P.O. - GOOGLE
The first funding for Google as a company was
secured in August 1998 in the form of a
US$100,000 contribution from Andy Bechtolsheim,
co-founder of Sun Microsystems, given to a
corporation which did not yet exist.
On June 7, 1999, a round of equity funding totaling
$25 million was announced; the major investors
being rival venture capital firms Kleiner Perkins
Caufield & Byers and Sequoia Capital. While Google
still needed more funding for their further
expansion, Brin and Page were hesitant to take the
company public, despite their financial issues. They
were not ready to give up control over Google.

I.P.O. - GOOGLE
Following the closing of the $25 million financing
round, Sequoia encouraged Brin and Page to hire
a CEO. Brin and Page ultimately acquiesced and
hired Eric Schmidt as Googles first CEO in March
2001.
In October 2003, while discussing a possible initial
public offering of shares (IPO), Microsoft
approached the company about a possible
partnership or merger. The deal never
materialized. In January 2004, Google announced
the hiring of Morgan Stanley and Goldman Sachs
Group to arrange an IPO. The IPO was projected to
raise as much as $4 billion.

I.P.O. - GOOGLE
Google's initial public offering took place on
August 19, 2004. A total of 19,605,052 shares
were offered at a price of $85 per share. Of that,
14,142,135 (another mathematical reference as
2 1.4142135) were floated by Google and
5,462,917 by selling stockholders.
The sale raised US$1.67 billion, and gave
Google a market capitalization of more than $23
billion.] Many of Google's employees became
instant paper millionaires. Yahoo!, a competitor
of Google, also benefited from the IPO because
it owns 2.7 million shares of Google.

I.P.O. - GOOGLE
COMPANY OVERVIEW
EXPERTS
Use of Proceeds
We estimate that we will receive net proceeds of
$1,163.6 million from our sale of the 14,142,135
shares of Class A common stock offered by us in
this offering, based upon our initial public offering
price of $85.00 per share, after deducting
underwriting discounts and commissions and
estimated offering expenses payable by us. We
will not receive any of the net proceeds from the
sale of the shares by the selling stockholders.

I.P.O. - GOOGLE
The principal purposes of this offering are:
to obtain additional capital
to create a public market for our common stock and
to facilitate our future access to the public equity
markets.
for general corporate purposes, including working
capital.
for acquisitions of complementary businesses,
technologies or other assets.
Pending such uses, they plan to invest the net
proceeds in highly liquid, investment grade
securities.

I.P.O. - FACEBOOK
REPORTER: JAYNIE RAFON