Google has finally setup a price range of $108 to $135 for shares of its company. With these high prices Google hopes to make $2.7 billion and $3.3 billion dollars. Eventually you can buy these shares on the NASDAQ exchange under GOOG. Still $108 to $135 is a pretty high price range, and I it's surely not meant for everyone.
Google has set the long-awaited price range for its initial public offering, putting itself in line to raise as much as $3.3 billion, according to a filing with the Securities and Exchange Commission on Monday.
The search giant set a price range of $108 to $135 a share, according to the filing. Based on those per-share numbers and the expected issuance of 24.6 million shares, the search giant hopes to raise between $2.7 billion and $3.3 billion. That would make it among the largest-ever IPOs. The company plans to list its shares under the ticker GOOG, according to the filing. Google has already registered to trade on the Nasdaq exchange. No date has been set yet for the IPO.
After a long, listless period following the dot-com downturn that began in 2000, the market for tech IPOs has been heating up recently. Google's planned venture into public trading has been one of the most anticipated of the bunch. Other prominent IPOs include the market debut of software specialist Salesforce.com, which saw a quick run-up in its first hours of trading but has since settled down to about 20 percent above its initial price of $11 per share.
News source: C|Net News.com