US report: Google poised to file IPO this week

Internet search giant Google has completed an audit that clears the way for an anticipated filing of an initial public offering (IPO) as early as this week, according to US press reports.

The report on the yet-to-be-filed IPO from Google is the most recent fuel for speculation on what is probably the most eagerly anticpated IPO in the US in years.

Google has been certified compliant with the requirements of the Sarbanes-Oxley law.

It is widely believed that Google's board of directors were awaiting the audit report before giving the final go-ahead to file the IPO with the Security and Exchange Commission.

The IPO could be filed as early as this week, with an expected stock market debut in April.

Google's market cap has been estimated at $20bn (€15.89bn), with an estimated $1bn (€0.79bn) in revenue this year.