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Co-founder downplays Google IPO

 


Search-tool company Google has no plans to sell its shares to the public any time soon, co-founder Sergey Brin said Tuesday.

Brin discussed the reasons for not rushing an IPO during an on-stage interview with technology guru Esther Dyson at the PC Forum technology conference.

That Google is not eager to go public is understandable given that many technology stocks are trading near all-time lows and investors are distracted by the war in Iraq. Still, Google's popularity has fed persistent speculation that the company, founded in 1998, is ripe for an IPO. But Brin said there are many good reasons for going slow.

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