No plans to take Google public

March 26, 2003

There's no IPO in Google's future, at least not yet. Sergey Brin, the company's president and co-founder, said he's thought a lot about taking the popular search site public, but currently the cons outweigh the pros.

"It's something that's definitely been debated. Thus far, laziness has always won," Brin said Wednesday at the PC Forum conference, an annual gathering here of technology executives, entrepreneurs and inventors convened to reflect upon the future of digitized data.

The comment came in response to a question from conference organizer Esther Dyson, who said she considered it "inevitable" that eventually the popular search site would launch a stock offering.

Brin cited his dislike of filling out forms (a key part of the IPO process), the distractions of monitoring stock performance and the hassles of filing quarterly financial reports as some of the main drawbacks to going public.

On the other hand, Brin said, a public offering would be a good way to raise money and to give employees a chance to cash out some of their Google stock options.

Source: Wired.com

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