Google Slashes IPO Price Range
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Google Inc., the world's most popular  Web search engine, slashed the price of its share offering  Wednesday, as what had been touted as the hottest dot-com  listing in years fell prey to worry about a slump in demand.
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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 $85 and $95 per share from $108 to $135 per share.
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U.S. shares were expected to open lower on Wednesday after crude oil pushed to a fresh high overnight, while Web search engine Google Inc. dented sentiment as it slashed the price range on its initial public offering. In a statement posted on its IPO Web site, Google said it had cut the range on its IPO to &#36;85-&#36;95 per share from &#36;108-&#36;135 previously, a 26 percent reduction at the mid-point of the range.
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Wall Street, which forced Google, the Internet search engine, to lower the price of its shares sharply 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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Financial weekly Barron's said Sunday that shares of Google would likely fall from their lofty $500-plus price point set last week, triggering a sharp sell-off of the stock in Monday morning trading in New York.
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Google might close the bidding in its auction-style initial public offering late Tuesday, moving it one step away from becoming a publicly traded company.
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Aug. 18 (Bloomberg) -- Google Inc., on the eve of pricing the second-biggest Internet initial public offering, slashed the value of the sale almost in half amid the worst market for US IPOs in almost two years.
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NEW YORK/SAN FRANCISCO  - Google Inc. on Wednesday  said it priced its long-awaited initial public offering at $85  per share, far below initial expectations, ending a tumultuous  process beset by poor market conditions and a series of  missteps.
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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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Google's IPO share price is set at $85, the bottom of its projected range, as the Internet search engine goes public.
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adpowers writes &quot;It is official. Google will have its IPO debut at $85 per share. To quote the article, &#39;At that price, the low end of its recently revised range, Google raised $1.
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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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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 drops its price and shares offered. Its magic: turning the hottest IPO in history into a disaster.
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NEW YORK, August 18 (New Ratings)  Google Inc has reportedly reduced its expected IPO price range to $85-$95 per share, from the previously expected price range of $108-$135 per share. The company is unlikely to price its shares until the market closes ...
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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 $85 and $95 per share from  $108 to $135 per share.
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SAN FRANCISCO: Shares of Google Inc fell as much as 6.5 per cent overnight, as selling restrictions were lifted on 39 million shares held by employees and early investors in the newly public web search company.