Search engine Google was aiming to float on Wall Street this week, valued at up to $ 36 billion. But the Internet company’s advisers are meeting this weekend to discuss possibly delaying the public listing after a sharp fall in share prices in New York on Friday. An insider said last night:’ "The float is teetering on the brink -- it really is 50/50 at this stage, although many of us are optimistic." The initial public offering (IPO) of shares in Google, which could raise nearly $ 4bn, will amount to one of the biggest IPOs for years. But many US firms have shelved their IPOs amid volatile market conditions and investors appear unwilling to subscribe to new equity. A Wall Street analyst said that the Google IPO "would be a seminal event for the American stock market" as its real significance was that it would test whether or not the recovery in equity prices since the end of the Iraq war had taken hold. "If this float works, a lot of other com
A. a recovery in equity prices will end.
B. the IPO market will be propelled by it.
C. many U.S. firms will purchase new equity.
D. a sustained economic growth will take place.
Search engine Google was aiming to float on Wall Street this week, valued at up to $ 36 billion. But the Internet company’s advisers are meeting this weekend to discuss possibly delaying the public listing after a sharp fall in share prices in New York on Friday. An insider said last night:’ "The float is teetering on the brink -- it really is 50/50 at this stage, although many of us are optimistic." The initial public offering (IPO) of shares in Google, which could raise nearly $ 4bn, will amount to one of the biggest IPOs for years. But many US firms have shelved their IPOs amid volatile market conditions and investors appear unwilling to subscribe to new equity. A Wall Street analyst said that the Google IPO "would be a seminal event for the American stock market" as its real significance was that it would test whether or not the recovery in equity prices since the end of the Iraq war had taken hold. "If this float works, a lot of other com
A. doubtful.
B. confused.
C. pessimistic.
D. confident.
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