Google Files Long-Awaited IPO Plans

SAN FRANCISCO (AP) - Internet search engine leader Google Inc. filed its long-awaited IPO plans Thursday, setting the stage for the company to make its stock market debut -- a move that could still be months away.

Without specifying a price per share, Google said it hopes to raise $2.7 billion with an initial public offering that's created the biggest high-tech buzz since the dot-com bubble burst four years ago.

As expected, Google said the price of its IPO will be determined through an auction designed to give the general public a better chance to buy its stock before the shares begin trading, most likely in late summer or early autumn. IPO shares traditionally have been restricted to an elite group picked by the investment bankers handling the deal.

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