Google to go for $85 per share
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Google set its long-awaited initial public offering at $85 a share on Wednesday, enduring a series of hurdles to come in at the low end of its recently lowered pricing range.
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NEW YORK/SAN FRANCISCO  - Google Inc. appeared set  to start trading on Nasdaq on Wednesday, after the Web's No. 1  search engine asked regulators on Monday for final approval to  price its closely watched initial public offering.
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After a bumpy ride toward becoming a publicly traded company, Google Inc. finally saw its stock start trading on the Nasdaq exchange at around noon Eastern Daylight Time Thursday and with a strong opening at $100.01, up from its $85 initial offering price. The stock, which trades under the GOOG ticker symbol, closed at $100.34, up 18 percent.
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Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc.  said in a regulatory filing on Wednesday detailing the payout from its $1.65 billion acquisition.
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Google Inc.  shares, which  topped a milestone price of $500 a share last week, are  overvalued and poised to fall, just like peers Amazon.com Inc.   and eBay Inc.  did, the weekly financial  newspaper Barron's reported on Sunday.
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Google Inc. is setting out to expand its share of the business software market with a scaled-down version of its Internet-leading search engine that will go on sale Thursday for &#36;4,995.
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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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SAN FRANCISCO -- Google Inc. is offering to run the search engines of small Web sites for as little as $100 per year, marking the company's latest attempt to make more money off technology that already steers much of the Internet's traffic.
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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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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 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 said Wednesday it had lowered its estimated price range to between $85 and $95 per share, down from its earlier forecast of between $108 and $135 per share...
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SAN FRANCISCO -- Google Inc.'s employees and other insiders will be free to sell an additional 4.67 million shares of the company's stock today, providing another test of the online search engine's popularity with investors.
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Reuters reminds us that Google still has the small issue of 23.4 million shares that were not correctly registered with the SEC. &quot;Google said it expects little acceptance of the buyback offer, which has a weighted average offer price of $3.94 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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Google Inc. on Wednesday said it priced its long-awaited initial public offering at &#36;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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SAN JOSE, Calif. (CP) - Google Inc. says its initial public shares are priced at $85 each, at the low end of the Internet search giant&#39;s downgraded estimates.
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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 slashed its estimated per-share price range and reduced the number of shares to be sold by insiders...