Google slashes IPO value
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Regulatory hurdles still to be jumped
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Google Inc. is making everyone who snubbed its unconventional initial public offering of stock regret their decision. In the latest rebuke to its skeptics, Google wowed Wall
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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.  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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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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WASHINGTON/NEW YORK  - The auction for Google  Inc.'s highly anticipated initial public offering got off to a  rocky start on Friday after the Web search company sidestepped  a bullet from U.S. securities regulators.
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Google's spooky valuation could drive investors batty.
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Google, the world&#39;s most popular Web search engine, has slashed the price range on its eagerly awaited initial public offering to between $85 and $95 per share from between $108 and $135 per share.
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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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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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UPDATED: Search engine darling Google (Quote, Chart) has slashed the price of its long-awaited public offering by about 30 percent to between $85 and $95 per share and plans to sell fewer shares.
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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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Google Inc., the Web search engine, on Wednesday slashed the price range on its eagerly awaited initial public offering to between &#36;85 and &#36;95 per share from &#36;108 to &#36;135 per share.
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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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In a sign that Google Inc.&#39;s initial public offering isn&#39;t as popular as expected, the Internet search giant lowered 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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SAN JOSE, California - Initial shares of Google Inc. were priced late last night at $85 US each -- the low end of estimates that the company had revised downward hours earlier.
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Google Inc. is opening the auction for its much-anticipated initial public offering (IPO) on Friday, with plans to announce the pricing of its stock next week.