On August 19,2004 Google IPO Offered 19,605,052 Shares at a Price

question 61

Multiple Choice

On August 19,2004 Google IPO offered 19,605,052 shares at a price of U.S.$85 per share,which were sold in an online auction in a bid to make the shares more widely available.Which of the following statements best describes why these are considered a primary market transaction?

• A)The transaction was between the corporation and investors.
• B)Shares of Google from this time onward could be traded between investors on a stock exchange.
• C)The shares were the first to be publicly issued by Google.
• D)Google was at the time a recently founded company seeking capital with which to expand.

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