[URL=http://business.timesonline.co.uk/article/0,,9075-981726,00.html]The Times[/URL] has learnt that Google’s management, headed by Eric Schmidt, the chairman and chief executive, has grown wary about the timing of a float because market conditions are not right. He told business leaders gathered at the private meetings that Google had no urgent need to tap the stock market for capital because the company’s cash position was extremely strong. However, in a surprise move, the Google chief added: “An IPO is not on my agenda right now.”
Downloads and Drivers
From the Forums
Subscribe to TechSpot
Get free exclusive content, learn about new features and breaking tech news.