11 Aug 2004
Google has indicated that its initial public offering (IPO) may be back on track, after reports earlier this week suggested that it may be delayed by up to a week.
The company has issued a statement saying that bidder registration for its auction-style IPO will close tomorrow, with the auction commencing 'soon thereafter'.
Investors wanting to buy shares in the internet search company are required to sign up for a bidder registration number by visiting its auction site (ipo.google.com) - although the sale is only open to US citizens.
The end of the registration period means the company could start taking bids as early as late tomorrow.
On Monday, the company settled one of its legal disputes with Yahoo by agreeing to hand over 2.7m shares, worth between $291m (£159m) and $365m (£200m), based on Google's indicated prices.
The agreement settled a patent dispute over technology owned by Overture Services, which was acquired by Yahoo! last year.
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