Google sets price and picks ticker
Published: 26 Jul 2004 14:40 BST
Google has set the long-awaited pricing range for its initial public offering, putting itself in line to raise as much as $3.3bn, 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 $2.7bn and $3.3bn. That would make it one of the largest-ever IPOs.
The company also plans to trade under the ticker GOOG, according to the filing. Google has already said that it plans to trade on the Nasdaq exchange.
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