The much anticipated IPO of Yahoo is at hand. The company late Thursday announced it will offer up 2.6 million shares at $13 per share when the market opens tomorrow.
Yahoo will become the third Net search engine to go public in the last two weeks in an hotly anticipated Wall Street debut that analysts say could open as high as $30 per share. Lycos and Excite were the first two out of the gates.
Yahoo was founded in April 1994 by Jerry Yang and David Filo, who were students at Stanford University's Electrical Engineering program. In April of last year Yang and Filo left Stanford and to work full-time on Yahoo. Almost a year later both can count on adding their names to the list of Silicon Valley millionaires.