Business Services Industry
Summer Float Beckons for Google, Virgin Mobile.
Knight Ridder/Tribune Business News, April, 2004
By James Ashton, Daily Mail, London Knight Ridder/Tribune Business News
Apr. 27--Investors' appetites are being whetted for a slew of long-awaited stock market flotations this summer.
Share offerings from search engine Google and Richard Branson's Virgin Mobile are expected to get off the ground in the next few weeks.
Google has appointed Morgan Stanley and Credit Suisse to advise it on an UKpound 11 billion float. It may press the button this week.
Virgin Mobile is weeks away from announcing whether it will push ahead with a UKpound 1 billion flotation.
Richard Hall, transactions adviser at Ernst & Young said: "The capital markets are open and willing to invest in quality businesses that have a demonstrable track...
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