Google's IPO value projected at $25 billion

— 4:03 AM on April 26, 2004

The New York Times is running an interesting article on who might benefit if Google finally goes through with an IPO. A handful of insiders stand to make a staggering amount of money if Google's initial public offering meets expectations that peg the company's potential market value between $20 and $25 billion.

A $25 billion market value would instantly make Google worth more than Lockheed Martin, the big military contractor; Federal Express, the package delivery service; or Nike, the sports clothing maker.
The article also reveals that Google doesn't actually own the core search engine technology that powers its popular web site. The initial development of Google's core tech was funded by Stanford, which retains ownership of the technology. Stanford licenses the search core to Google, and the university apparently has a little stock on the side, too.
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