Google plans to go public

American internet search company Google is planning to go public by selling $2.7bn (€2.2bn) in stock it announced last night. The company plans to do it through a unique online auction in the most anticipated IPO since the dotcom bust.

The planned initial public offering promises to enrich the founders and early backers of the six-year-old company, which posted revenue of almost $1bn (€837m) last year.