Google cofounder Larry Page and chief executive Eric Schmidt guarded tightly by security were at the Nasdaq stock markets broadcasting facility in Manhattan as the Webs most popular search engine began trading as a public company
After ending its unconventional auction to price and sell the shares on Wednesday Google sold 196 million shares at 85 each raising 167 billion the biggest so far by an Internet company
The shares ended trade at up or 18 percent valuing the company at 272 billion and its founders
stakes at 435 billion Trade ranged from a high of to a low of...
47Money Internet search engine Google has announced it will go public at 85 a share paving the way for the widely awaited but troubled stock offering to finally stumble to market on Thursday
At that price the low end of its recently revised range Google raised 167 billion with 12 billion to go to the No 1 Internet search engine and 473 million to Google executives and investors selling their shares
The Securities and Exchange Commission gave the final goahead for an initial public offering Wednesday afternoon clearing the way for trading in Google stock to begin Thursday...
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