Google Slashes Price of Shares in Initial Public Offering
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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&#39;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 ...
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Internet data analysis company WebSideStory Inc. cut its expected initial public offering price to $8 to $9 a share from $10 to $12, it said in a regulatory filing Wednesday.
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Google Inc.'s GOOG.O initial  public offering of 19.6 million shares priced at $85 each, the  low end of their projected range, a source familiar with the  auction said on Wednesday, raising $1.67 billion and making it  the fourth-largest U.S. IPO this year.
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SAN JOSE, Calif. - Initial shares of Google Inc...
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Google Inc. stock dropped more than 6 percent yesterday as tens of millions of new shares held by early investors and employees of the search engine giant became available for sale for the first time.
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NEW YORK 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 now decided that the company is worth a lot more today than it was then.
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Google, Inc. significantly cut the expected share price for its initial public stock offering this morning, signaling lower-than-anticipated demand for the most highly publicized new stock since the late 1990s.
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The search-engine giant, which was expected to go public as early as Wednesday, instead has slashed the deal&#39;s expected price range and cut the number of shares being sold by existing shareholder in half. The new parameters suggest a newly public Google ...
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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 debut on Nasdaq as soon as Thursday.
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When Internet search engine company Google, Inc., of Mountain View, begins to sell shares to the general public -- something expected to happen later this week -- the initial price is expected to be between $85 and $95 per share. The company had earlier ...
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Shares of Google Inc. GOOG.O rose 15  percent to $98 in the first minutes of their Nasdaq stock  market debut on Thursday after the year's most anticipated  initial public offering priced far below initial estimates.
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NEW YORK, Aug. 19 (Xinhuanet) -- Shares of Google Inc. closed sharply higher Thursday on their first day of trading on the Nasdaq Stock Market after the company cut its IPO (initial public offering) price Wednesday.
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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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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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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 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.