Three IPOs Trim Price Ranges Wednesday
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Three new stocks scheduled to begin trading this week - including Google Inc.&#39;s highly anticipated initial public offering - slashed their expected price ranges Wednesday morning as the IPO market readies for a one-month break from trading debuts after ...
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GOOGLE, the web search engine, has slashed the price range on its eagerly awaited initial public offering to between £47 and £52 per share from £59 to £74 per share.
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In a sign that Google Inc.&#39;s initial public offering isn&#39;t as popular as expected, the Internet search giant lowered its estimated price range to between $85 and $95 per share, down from its earlier prediction of $108 and $135 per share.
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US stocks were lower at midmorning on Tuesday, as investors sought to consolidate  recent gains after several benchmarks opened the week with record closes.
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Google has asked regulators for final approval to price its initial public offering on Tuesday, meaning its shares could make their market debut as soon as Wednesday morning.
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Google Lowers IPO Price, Limits Shares  Google's IPO wasn't as popular as expected, apparently not as many fish bit at the Dutch Auction bait.  Google will be lowering its estimated price range to between $85 and $95 per share, down from its earlier prediction of $108 and $135 per share ...
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Google Inc. slashed the size of its closely watched initial public offering nearly in half to less than $2 billion on Wednesday, splashing cold water on what has been touted as the hottest Internet IPO in years.
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These top stocks had a big price cut in the past month.
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NEW YORK/SAN FRANCISCO  - Google Inc. GOOG.OQ on  Wednesday got the green light to go ahead with a downsized  version of its much-hyped initial public offering, meaning its  shares could trade on Nasdaq as early as Thursday.
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US stock futures pointed to a slightly lower open on Tuesday as investors take a step back after last week&#39;s three-day rally, with shares of drug maker Merck &amp; Co.
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WASHINGTON  Google closed the unusual auction for its shares yesterday and prepared for its stock to begin trading at $85 per share, after weaker-than-expected demand from investors forced it to drastically slash the price and size of ...
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US stocks cut some losses late Friday afternoon as investors did some bargain hunting for drug stocks, which were beaten down to relatively cheap prices after a slew of negative reports earlier in the day.
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.The hosted business software company initially set the range at $13 to $16.NetSuite is running the IPO as an&#160;online auction, in the same fashion of search giant Google, rather than following the traditional route of having underwriters set the price.The stock is expected to be priced after the stock market&#39;s close Wednesday. It will be listed on the New York Stock Exchange under the symbol &quot;N.&quot;NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. The company said Wednesday it believes it will net about $115.9 million from the IPO after expenses.NetSuite has said it plans to use proceeds from its IPO to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares.NetSuite said Wednesday that Ellison has now completed the transfer of those shares into a holding company, NetSuite Restricted Holdings. The move is meant to &quot;effectively eliminate&quot; Ellison&#39;s voting power and avoid potential conflicts of interests, NetSuite said.&#160;
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Three-letter ticker symbols are starting to show up on the Nasdaq.
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NEW YORK - Investors on Thursday will weigh the sharp retraction in stocks the day before as well as fears that the corporate profit picture is deteriorating.    Dow Jones futures fell 4 points recently, while Nasdaq futures were down 3 points and S&P futures dropped 0.20 points...
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Google Inc., the Web search engine, on Wednesday slashed the price range on its eagerly awaited initial public offering to between &#36;85 and &#36;95 per share from &#36;108 to &#36;135 per share.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.