Learning English - Words in the News
30 April, 2004 - Published 15:33 GMT
Google to go public
The world's most popular internet search engine, Google, has confirmed that it's to float on the Stock Market. It's stock is expected to be worth many billions of dollars. This report from Jannat Jalil:
This is the most anticipated public offering since the dotcom bubble burst four years ago. The deal is set to make Google's founders, Sergey Brin and Larry Page, into billionaires. They set the search engine up six years ago while they were at university in California. It's now a worldwide phenomenon. Not only has it made the internet into an extremely fast and valuable research tool, it's become a household word and has even created a new verb "to google."
The company's expected to float in the market in the next few months. Its owners are exploring ways of selling the shares on the internet to ensure small investors get a look in. There are hopes that this could help to revive the internet and technology sector which has been depressed since the dotcom crash of 2000.
Analysts say Google's flotation could help other internet companies to take the plunge into the stock market, but none of them are likely to have the star appear of Google which could end up being valued at twenty billion dollars or more.
Jannat Jalil, BBC
the dotcom bubble burst
set the search engine up
a worldwide phenomenon
a household word
get a look in
to revive the internet and technology sector
the dotcom crash
to take the plunge