Less-hopeful Google slashes IPO price, cuts share supply
Article Abstract:
Google Inc., world's leading Internet search engine has stumbled into its long-awaited initial public offering by slashing the expected opening price by 30 percent and cutting the number of shares it is prepared to sell. Google confirmed that the US Securities and Exchange Commission has cleared the way for its shares to begin trading on the Nasdaq Stock Market.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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Google shines in market debut: Lower IPO price helps shares soar
Article Abstract:
Google Inc. reported a one-day gain of 18% above the IPO price with 12.5 million shares trading hands, as on 19th August 2004. The strong opening has offset to some degree the criticism over management's performance in its unconventional Dutch auction process.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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