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Google Shares Spike 17% to $102 in First Day Trading on Nasdaq

Authored by Mark Hefflinger on August 19, 2004 - 2:22am.
Mountain View, Calif. -- Shares of search engine giant Google rose over 18%, or $17 over the $85 price named for its initial public offering (IPO), which commenced on Thursday. Google sold 19.6 million shares at $85 each, raising a total of $1.67 billion in its IPO. The company lowered the initial share price to $85 from an earlier range of $108 to $135 per share, after it found that interest in the online auction offering of its shares did not produce as much investor interest as anticipated. Options on Google stock are expected to begin trading by the end of next week as well.
http://makeashorterlink.com/?G21951719
http://news.com.com/Google+shares+rise+in+debut/2100-1024_3-5316026.html
http://biz.yahoo.com/rc/040819/tech_google_sector_1.html
\http://www.nytimes.com/2004/08/19/technology/19google.html

tags: Google | Nasdaq | Spike | First Day | Trades |

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