Google Cuts IPO Price by a Quarter to $85-$95 a Share
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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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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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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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Internet search giant Google, which raised &#36;1.7 billion in a highly publicized IPO, announced its first quarterly earnings as a public company Thursday, and the results were stellar. Google reported revenue of &#36;805.9 million, more than double last year's &#36;393.3 million.
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Google lowers the price range of its planned share sale to $85-$95, as it awaits approval from regulators.
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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.
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NEW YORK/SAN FRANCISCO  - Google Inc., the most popular Internet search engine, raised $1.67 billion on Wednesday in its long-awaited IPO after slashing the price and size of an offer beset by missteps and ...
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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 $85-$95 per share from $108-$135  previously, a 26 percent reduction at the mid-point of the  range.
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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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Shares of Google Inc. will make their  Nasdaq stock market debut on Thursday after the year's most  anticipated initial public offering priced far below initial  estimates, raising $1.67 billion.
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Google Lowers IPO Price, Limits Shares  Google's IPO wasn't as popular as expected, apparently not as many fish bit at the Dutch Auction bait.  Google will be lowering 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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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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Shares of Google Inc. made their market debut on Thursday and quickly traded up 19 percent at $101.28. The Web search company&#39;s initial public offering priced at $85
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Google rose $14.97 to close at $187.40 per share, giving it a market value of $51.4 billion compared to $47.9 billion for Internet rival Yahoo.
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Google, Inc. significantly cut the expected share price this morning for its initial public stock offering, signaling lower-than-anticipated demand for the most highly publicized new stock since the late 1990s.
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Since its IPO back in August, the search engine Google has seen its shares rise over 70% in a little over two months. Google shares closed Tuesday at $147.
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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.