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Google IPO: Still on Hold

18 August 2004
Author: site admin Posted under IPO's

Looks like the Google IPO is still on hold. Also the expected share price has been cut, the number of shares to be sold have been reduced and the SEC has requested more information from the company regarding the Playboy interview. The share price is now expected to be in the $85 to $95 range. The number of shares sold by the company will remain the same (14.1 million) but shares to be sold by the founders and existing shareholders has been reduced from 11.6 million to 5.5 million with over allotment shares remaining the same at 2.9 million shares. The over allotment shares would most likely come from existing shareholders.


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