Google Announces Nasdaq Float

cycleburner writes "The Financial Times reports that Google will list its shares on the Nasdaq stock market, ending months of speculation over whether the world's most used internet search engine would pick Nasdaq or its larger rival, the New York Stock Exchange. Apparently: 'Winning the Google listing is a big victory for Nasdaq, whose dominance of trading in technology stocks has come under concerted attack from the NYSE. Google's likely stock market value has been estimated by some analysts at more than $40bn, a level that would turn it overnight into one of the 10 most valuable US tech companies.' Reuters/ABC News has more information on the announcement."