Monday, July 26, 2004

Google Estimates IPO Offering Price

Google is estimating that its initial public offering price will be between $108 and $135 per share, according to an S-1 filed by the company this morning. It has also estimated that it will raise an estimated $3.BB in its IPO, up from an estimated $2.7B earlier this month, and issue 24,636,659 shares of stock in the heavily anticipated offering. Google is listing its common stock on the Nasdaq under the symbol "GOOG". Google also reported that it earned $79.1M on revenues of $700.2M in the first quarter ending June 30.

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