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Google Inc plans to list on the Nasdaq Stock Market for its $2.7 billion initial public stock offering, according to a filing with the Securities and Exchange Commission.
The online search engine's IPO is likely to make the biggest splash in the 'post dot-com bust' era and is expected to give the Mountain View-based company a market value of at least $20 billion, says SFGate.com.
Google officials have not specified a date for the IPO or a ticker symbol in the SEC filing.
The IPO is likely to hit the markets in late summer or early autumn, but Google spokeswoman Cindy McCaffrey declined to comment on the time frame or the company's Nasdaq decision, says SFGate.com.
The New York Stock Exchange issued a statement on Google's decision to go with its Wall Street rival. "Google is an outstanding company with a great management team, and we wish the company well with its initial public offering," it said.
Though many high-tech companies prefer the Nasdaq, industry analysts say the New York Stock Exchange clamoured for the search engine giant, reported says SFGate.com.. Besides its wide recognition, Google is highly profitable -- earning $106 million on revenue of $982 million last year.