Google&#39;s Lower Price Fails to Lure Some Investors: Taking Stock
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Aug. 19 (Bloomberg) -- James Huguet shunned Google Inc.&#39;s initial public offering when the company sought as much as $135 a share. The money manager was no more inclined to own the stock yesterday, when Google sold shares at $85.
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Google&#39;s decision to slash the price range of its initial public stock offering says more about the company&#39;s own missteps and its competitive position than about the overall outlook for technology shares, experts say.
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Google&#39;s search for a way to become a public company has hit a roadblock the company never expected: investor hesitance.
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The IPO market now enters the post-Google era. And the outlook isn&#39;t pretty. The attention and fanfare over Google Inc.&#39;s $1.
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While Google Inc.&#39;s auction-based initial public offering may not spur a wave of copycats, venture capitalists are sorting through the IPO to see what can be learned for future deals.
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Google Inc. shares came within a nickel of reaching $200 on Thursday before investors buckled to weakness seen throughout the technology sector as trading came to a close.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering isn't as popular as expected, the company lowered its estimated price range to between $85 and $95 per share, down from the earlier prediction of $108 and $135 per share...
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Google's valuation isn't just fair -- it's downright cheap.
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Google lowers the price range of its planned share sale to $85-$95, as it awaits approval from regulators.
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Just five weeks ago the Wall Street firms that brought Google Inc. public had to lower the initial public offering price to under $100 to persuade investors to buy into the Internet search giant.
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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 cut the price of its share offering today as the new listing fell prey to worry about a slump in demand.
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SAN JOSE, California - On the cusp of its voyage into public trading, Google's initial stock price was set at $85 and its market value calculated at $23 billion - less than originally expected, but still impressive for a 6-year-old dot-com dreamed up in a garage.    The final initial public offering price, set through an unorthodox auction that alienated many on Wall Street, means the stock will likely debut Thursday under the symbol "GOOG" on the Nasdaq Stock Market...
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The long-anticipated day is here. Google stock begins trading on the Nasdaq, even though mediocre market conditions and some fumbling by the company have taken the bloom off the rose.
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Google&#39;s (Nasdaq: GOOG) shares slid 3% Thursday as investors worried that the search-engine outfit may not be invincible after all.
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Wall Street, which forced Google, the Internet search engine, to sharply lower the price of its shares in its initial public offering in August, has decided that the company is worth a lot more today than it was then.
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Big Internet stocks have fallen  25 percent to 40 percent in the last quarter and haven't looked  cheaper in years. But despite expected strong year-end results,  many investors are likely to shy away in the short run.