Google Inc. Files Registration Statement for IPO

May 04, 2004

Google Inc. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. A portion of the shares will be issued and sold by Google, and a portion will be sold by certain stockholders of Google. Morgan Stanley and Credit Suisse First Boston will act as joint book-running managers for the proposed offering.

A copy of the prospectus relating to these securities may be obtained from: Morgan Stanley & Co. Incorporated, Prospectus Department, 1585 Broadway, New York, NY 10036 (tel: 1-800-364-5990) or Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY 10010 (tel: 212-325-1075).

As part of the proposal, Google founders Larry Page and Sergey Brin wrote a letter to potential Google shareholders outlining their plans for the company's future. Page indicated that Google will continue to take a long-term approach to business and is willing to sacrifice short term results for long term gains. He also explained why the company chose to forgo the usual route to public trading and instead use an auction-based IPO; Google views the auction-based process as fairer for both the company and its investors.

Google has also explained the company's corporate structure, called a dual class voting structure, which Page and Brin see as best for maintaining control over the company. Page explains that the structure will leave the management team with considerable control, while new investors will have less influence over strategic decisions than at many public companies.