More GOOG IPO News...
The offering price is now expected to be between $85 and $95 per share. Google expects to sell 14,142,135 shares of Class A common stock in the offering as originally filed. The selling shareholders are reducing the shares they expect to sell to approximately 5.5 million shares in view of this new price range. This is a reduction of approximately 6.1 million shares. In addition, the selling shareholders have granted the underwriters the right to purchase approximately 2.9 million additional shares of Class A common stock at the initial public offering price to cover over-allotments.
Google and the underwriters requested that the Securities and Exchange
Commission declare the registration statement effective on Wednesday,
August 18, 2004 at 4:00 p.m. (Eastern Daylight Time).
I am sticking with my absolutely random GOOG opening price guess: $94.37. ;)
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