Google Sells Shares in IPO for $85 After Cutting Price of Stock
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Aug. 19 (Bloomberg) -- Google Inc., the most-used Internet search engine, sold shares at $85 each in its initial public offering, the bottom of the range the company had suggested the stock would fetch in the biggest auction-style IPO.
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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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Google Inc. lowered the target price per share for its initial public offering (IPO) on Wednesday, and asked the U.S. Securities and Exchange Commission (SEC) to give buyers additional time to reconsider their bids, according to a notice on the company's IPO Web site.
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Google's final share price was $85, far off the target range of $108 to $135 a share that the company projected last month.
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Google Inc. (GOOG) will close the registration process for its IPO auction Thursday, setting the stage for the online search engine leader's hotly anticipated stock market debut. Google plans to launch an unusual auction to sell 25.7 million shares shortly after closing the registration.
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BERKELEY, California  - Web search leader Google  Inc.  saw its volatile shares reach an all-time record  closing price of $518.84 on Tuesday, as recent momentum in  products and partnerships have offset regulatory setbacks.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering will not be as hot or big as expected, the Internet search giant reduced the number of shares to be sold by insiders and slashed its estimated per-share price range...
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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 Inc.'s GOOG.O initial public offering of 19.6 million shares priced at &#36;85 each, the low end of their projected range, a source familiar with the auction said on Wednesday, raising &#36;1.67 billion and making it the fourth-largest U.S. IPO this year.
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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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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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: Yahoo Inc. said today it sold $191 millions in Google Inc. stock in that company&#39;s initial public offering, cashing out some of the 2.7 million shares Google gave Yahoo this month to settle two disputes.
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Earlier Wednesday, Google cut the range of its IPO price to $85-$95 per share from $108-$135 per share and the number of shares that will be sold from 25.7 million to 19.6 million. The cuts mean Google could raise about $1.8 billion in ...
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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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After a series of missteps, Google finally pulled off its much-hyped initial public offering last week. The good news about this unusual IPO, which sought to deprive Wall Street banks of full control over
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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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SAN FRANCISCO, - Shares of Google Inc. fell as much as 6.5 percent Tuesday, as selling restrictions were lifted on 39 million shares held by employees and early investors in the newly public Web search company.